Skydance Paramount Set to Eliminate Approximately 2,000 United States Roles – Report
Paramount Skydance will start large-scale job cuts during the week starting 27 October, eliminating approximately 2,000 American roles within a budget-saving initiative totaling $2bn under new chief executive David Ellison.
The layoffs come after the combination between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance intending to announce all specifics via its Q3 financial results set for the 10th of November.
Prior news suggested that Paramount was looking to cut between 2,000 and 3,000 jobs by the beginning of next month.
By December 2024, the company retained almost 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The company has not yet commented regarding the report.
