Skydance Paramount Will Remove Nearly 2,000 US Jobs – Report
Skydance Paramount will start mass layoffs beginning on 27 October, cutting about 2,000 American roles under a cost-cutting plan totaling $2bn under new chief executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.
More international job cuts are expected, as the firm planning to reveal all specifics via its third quarter earnings report set for the 10th of November.
Prior news had indicated the firm was looking to eliminate between 2,000 and 3,000 jobs by early November.
As of December 2024, the company had nearly 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
Paramount Skydance did not immediately respond to a request for comment.
