Paramount Skydance Will Cut Nearly 2,000 United States Roles – Report
Paramount Skydance will initiate mass layoffs during the week starting 27 October, eliminating approximately 2,000 US jobs under a expense reduction strategy worth $2bn under top executive David Ellison.
The layoffs are a result of the combination of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
Further global layoffs are anticipated, as the firm intending to reveal complete information in its third quarter earnings report on 10 November.
Prior news suggested the firm was looking to reduce from 2,000 and 3,000 roles before the start of November.
Until December 2024, the organization had nearly 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
Paramount Skydance did not immediately respond on the matter.
