Paramount Skydance Set to Cut Around 2,000 American Positions – News
Skydance Paramount plans to initiate mass layoffs beginning on 27 October, removing nearly 2,000 US jobs within a cost-cutting plan totaling $2bn overseen by CEO David Ellison.
The workforce reduction come after the merger between Skydance Media and Paramount Global, which closed in August worth $8.4bn.
More global layoffs are expected, with Paramount Skydance planning to reveal full details via its third quarter earnings report set for the 10th of November.
Prior news suggested that Paramount aimed to cut from 2,000 and 3,000 jobs before the start of November.
As of December 2024, Paramount retained almost 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization has not yet commented regarding the report.
