Paramount Skydance Plans to Cut Approximately 2,000 American Positions – News
Skydance Paramount will initiate mass layoffs the week of 27 October, removing nearly 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn led by CEO David Ellison.
These job cuts follow the merger between Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, as the firm intending to reveal full details in its third-quarter financial update scheduled for November 10.
Earlier reports suggested the firm aimed to cut between 2,000 and 3,000 roles by early November.
Until December 2024, Paramount retained almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not yet commented to a request for comment.
