Paramount Skydance Plans to Remove Approximately 2,000 United States Roles – Report
Skydance Paramount is scheduled to initiate mass layoffs the week of 27 October, eliminating about 2,000 positions in the United States as part of a cost-cutting plan valued at $2bn led by CEO David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, which closed this past August worth $8.4bn.
More international job cuts are likely, with the company planning to announce all specifics via its third-quarter financial update set for the 10th of November.
Prior news stated the firm was looking to cut from 2,000 and 3,000 roles by the beginning of next month.
By December 2024, Paramount employed nearly 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The organization has not yet commented regarding the report.
