Skydance Paramount Set to Eliminate Around 2,000 American Positions – Update
Skydance Paramount plans to start mass layoffs the week of 27 October, cutting approximately 2,000 American roles as part of a budget-saving initiative totaling $2bn under top executive David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
More global layoffs are anticipated, with the company intending to reveal all specifics during its Q3 financial results set for the 10th of November.
Earlier reports suggested the firm aimed to cut from 2,000 to 3,000 jobs before the start of November.
By December 2024, the organization retained nearly 18,600 permanent and temporary staff along with 3,500 contract workers.
Paramount Skydance has not yet commented regarding the report.
