Paramount Skydance Plans to Remove Nearly 2,000 US Jobs – Report
Skydance Paramount is scheduled to start mass layoffs during the week starting 27 October, eliminating approximately 2,000 US jobs as part of a expense reduction strategy valued at $2bn under new chief executive David Ellison.
These job cuts are a result of the merger of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Additional international job cuts are anticipated, as the firm aiming to disclose all specifics in its Q3 financial results scheduled for November 10.
Earlier reports had indicated the company aimed to cut between 2,000 and 3,000 jobs by early November.
Until December 2024, the company had about 18,600 full- and part-time employees plus 3,500 temporary project employees.
The company has not provided a response to a request for comment.
