Paramount Skydance Plans to Eliminate Nearly 2,000 United States Roles – Report
Paramount Skydance is scheduled to initiate mass layoffs the week of 27 October, eliminating nearly 2,000 US jobs within a expense reduction strategy valued at $2bn overseen by new chief executive David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
More global layoffs are expected, with the company intending to announce all specifics via its third quarter earnings report set for the 10th of November.
Prior news had indicated that Paramount planned to reduce from 2,000 to 3,000 positions by early November.
Until December 2024, the company employed about 18,600 permanent and temporary staff plus 3,500 project-based staff.
The company did not immediately respond regarding the report.
