Skydance Paramount Plans to Eliminate Around 2,000 United States Roles – News
Paramount Skydance will initiate large-scale job cuts beginning on 27 October, cutting about 2,000 positions in the United States as part of a expense reduction strategy worth $2bn overseen by CEO David Ellison.
The layoffs follow the merger between Skydance Media and Paramount Global, finalized this past August valued at $8.4bn.
More international job cuts are anticipated, as the firm planning to disclose complete information via its third-quarter financial update set for the 10th of November.
Prior news suggested that Paramount planned to reduce between 2,000 and 3,000 positions before the start of November.
As of December 2024, the organization retained nearly 18,600 full- and part-time employees and 3,500 contract workers.
The company has not yet commented to a request for comment.
