Paramount Skydance Will Remove Around 2,000 United States Roles – Report
Skydance Paramount is scheduled to begin mass layoffs during the week starting 27 October, cutting nearly 2,000 positions in the United States within a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Further overseas workforce reductions are anticipated, as the firm aiming to disclose full details via its third-quarter financial update on 10 November.
Earlier reports suggested that Paramount planned to reduce from 2,000 and 3,000 jobs by early November.
As of December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The company has not yet commented on the matter.
