Paramount Skydance Set to Eliminate Around 2,000 US Jobs – News
Skydance Paramount plans to initiate large-scale job cuts during the week starting 27 October, removing about 2,000 American roles within a budget-saving initiative totaling $2bn under CEO David Ellison.
The layoffs follow the combination between Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.
Further overseas workforce reductions are expected, as the firm aiming to disclose full details in its Q3 financial results set for the 10th of November.
Previous updates had indicated the company planned to reduce from 2,000 to 3,000 jobs by the beginning of next month.
As of December 2024, Paramount retained about 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance has not provided a response to a request for comment.
