Paramount Skydance Will Eliminate Approximately 2,000 American Positions – News
Skydance Paramount plans to start mass layoffs the week of 27 October, removing approximately 2,000 American roles within a cost-cutting plan valued at $2bn under top executive David Ellison.
These job cuts come after the combination between Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
More overseas workforce reductions are likely, as the firm intending to disclose all specifics in its third quarter earnings report set for the 10th of November.
Earlier reports suggested the firm was looking to eliminate between 2,000 and 3,000 positions by the beginning of next month.
By December 2024, the company retained nearly 18,600 permanent and temporary staff along with 3,500 temporary project employees.
The company did not immediately respond on the matter.
