Paramount Skydance Set to Remove Approximately 2,000 US Jobs – Report
Skydance Paramount will begin mass layoffs beginning on 27 October, eliminating about 2,000 US jobs under a expense reduction strategy valued at $2bn led by new chief executive David Ellison.
The layoffs come after the union of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
Further international job cuts are likely, as the firm planning to disclose all specifics during its third quarter earnings report scheduled for November 10.
Prior news suggested that Paramount was looking to eliminate between 2,000 to 3,000 roles by early November.
By December 2024, the company had nearly 18,600 full- and part-time employees along with 3,500 contract workers.
The organization has not yet commented to a request for comment.
