Skydance Paramount Will Remove Nearly 2,000 American Positions – News
Skydance Paramount plans to begin mass layoffs during the week starting 27 October, removing nearly 2,000 American roles within a cost-cutting plan valued at $2bn led by top executive David Ellison.
The workforce reduction are a result of the combination of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More international job cuts are anticipated, with Paramount Skydance aiming to reveal all specifics during its third-quarter financial update set for the 10th of November.
Prior news had indicated that Paramount was looking to cut between 2,000 and 3,000 roles before the start of November.
Until December 2024, the company employed about 18,600 full- and part-time employees along with 3,500 contract workers.
The organization did not immediately respond to a request for comment.
