Paramount Skydance Will Eliminate Around 2,000 United States Roles – Update
Skydance Paramount plans to begin mass layoffs the week of 27 October, removing about 2,000 US jobs under a expense reduction strategy totaling $2bn led by new chief executive David Ellison.
The layoffs follow the combination of Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Further overseas workforce reductions are likely, with the company intending to disclose complete information via its Q3 financial results scheduled for November 10.
Earlier reports had indicated the firm aimed to cut between 2,000 to 3,000 roles by early November.
By December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The organization did not immediately respond to a request for comment.
