Paramount Skydance Set to Eliminate Around 2,000 US Jobs – News
Paramount Skydance will start mass layoffs beginning on 27 October, removing nearly 2,000 positions in the United States under a expense reduction strategy worth $2bn under top executive David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, completed in August worth $8.4bn.
More international job cuts are anticipated, with Paramount Skydance intending to disclose full details in its third quarter earnings report on 10 November.
Prior news had indicated that Paramount aimed to reduce from 2,000 and 3,000 jobs by early November.
Until December 2024, the company had nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
The company did not immediately respond on the matter.
