Skydance Paramount Plans to Cut Approximately 2,000 US Jobs – Report
Paramount Skydance is scheduled to start mass layoffs during the week starting 27 October, removing nearly 2,000 positions in the United States within a expense reduction strategy totaling $2bn led by CEO David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Further global layoffs are expected, with Paramount Skydance intending to disclose all specifics in its Q3 financial results set for the 10th of November.
Previous updates had indicated the company aimed to cut between 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the organization had nearly 18,600 full- and part-time employees and 3,500 contract workers.
The company did not immediately respond regarding the report.
