Skydance Paramount Will Eliminate Nearly 2,000 American Positions – Update
Skydance Paramount will initiate mass layoffs the week of 27 October, eliminating about 2,000 positions in the United States as part of a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance planning to reveal full details via its third quarter earnings report scheduled for November 10.
Prior news had indicated the firm was looking to cut from 2,000 and 3,000 jobs by the beginning of next month.
Until December 2024, the organization retained almost 18,600 permanent and temporary staff and 3,500 temporary project employees.
The company has not provided a response on the matter.
