Skydance Paramount Set to Cut Approximately 2,000 American Positions – News
Skydance Paramount is scheduled to start mass layoffs during the week starting 27 October, cutting nearly 2,000 American roles as part of a cost-cutting plan totaling $2bn led by new chief executive David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Further international job cuts are expected, as the firm planning to reveal complete information during its third-quarter financial update set for the 10th of November.
Previous updates stated the company aimed to eliminate from 2,000 to 3,000 jobs before the start of November.
Until December 2024, Paramount employed nearly 18,600 full- and part-time employees along with 3,500 project-based staff.
The organization has not yet commented regarding the report.
