Skydance Paramount Set to Cut Nearly 2,000 US Jobs – Update
Paramount Skydance plans to begin mass layoffs the week of 27 October, eliminating about 2,000 American roles within a expense reduction strategy valued at $2bn under top executive David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, completed during August worth $8.4bn.
Additional global layoffs are anticipated, as the firm planning to announce all specifics via its Q3 financial results scheduled for November 10.
Previous updates had indicated the company aimed to cut from 2,000 and 3,000 jobs by the beginning of next month.
By December 2024, Paramount had nearly 18,600 full- and part-time employees along with 3,500 contract workers.
The company has not provided a response regarding the report.
