Paramount Skydance Set to Cut Around 2,000 American Positions – News
Skydance Paramount plans to begin mass layoffs during the week starting 27 October, eliminating nearly 2,000 American roles within a expense reduction strategy worth $2bn overseen by CEO David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance intending to disclose all specifics in its third quarter earnings report scheduled for November 10.
Prior news stated the company planned to reduce between 2,000 to 3,000 roles by early November.
By December 2024, the organization had almost 18,600 permanent and temporary staff and 3,500 project-based staff.
Paramount Skydance has not yet commented to a request for comment.
