Paramount Skydance Plans to Remove Approximately 2,000 United States Roles – News
Paramount Skydance is scheduled to start large-scale job cuts beginning on 27 October, removing nearly 2,000 positions in the United States under a budget-saving initiative valued at $2bn led by CEO David Ellison.
The workforce reduction are a result of the union of Skydance Media and Paramount Global, finalized in August worth $8.4bn.
More global layoffs are likely, as the firm aiming to reveal all specifics in its third quarter earnings report on 10 November.
Previous updates had indicated the company planned to cut from 2,000 to 3,000 jobs before the start of November.
Until December 2024, the company employed nearly 18,600 full- and part-time employees and 3,500 contract workers.
The company has not provided a response regarding the report.
