Paramount Skydance Will Eliminate Around 2,000 US Jobs – Update
Paramount Skydance is scheduled to initiate mass layoffs the week of 27 October, removing approximately 2,000 American roles within a expense reduction strategy totaling $2bn led by new chief executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, completed during August worth $8.4bn.
Additional overseas workforce reductions are expected, with the company intending to announce complete information via its third-quarter financial update on 10 November.
Earlier reports suggested that Paramount was looking to cut from 2,000 to 3,000 roles by early November.
Until December 2024, Paramount had almost 18,600 full- and part-time employees plus 3,500 temporary project employees.
The organization did not immediately respond to a request for comment.
