Paramount Skydance Will Eliminate Approximately 2,000 United States Roles – Update
Skydance Paramount plans to begin mass layoffs the week of 27 October, cutting nearly 2,000 US jobs under a expense reduction strategy valued at $2bn led by top executive David Ellison.
These job cuts come after the combination between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Further international job cuts are expected, as the firm intending to announce complete information during its third quarter earnings report set for the 10th of November.
Earlier reports stated the company was looking to cut from 2,000 and 3,000 roles by the beginning of next month.
Until December 2024, the company employed nearly 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
The organization has not yet commented to a request for comment.
