Paramount Skydance Set to Cut Approximately 2,000 United States Roles – News
Skydance Paramount plans to begin mass layoffs beginning on 27 October, removing about 2,000 US jobs within a budget-saving initiative worth $2bn overseen by new chief executive David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Further international job cuts are likely, as the firm aiming to announce all specifics during its third quarter earnings report scheduled for November 10.
Earlier reports had indicated that Paramount was looking to eliminate from 2,000 and 3,000 positions before the start of November.
Until December 2024, the organization had about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
Paramount Skydance did not immediately respond on the matter.
