Paramount Skydance Will Eliminate Around 2,000 United States Roles – News
Skydance Paramount is scheduled to begin mass layoffs the week of 27 October, cutting approximately 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn overseen by new chief executive David Ellison.
The workforce reduction come after the merger between Skydance Media and Paramount Global, completed this past August worth $8.4bn.
More international job cuts are anticipated, with the company aiming to reveal all specifics via its Q3 financial results set for the 10th of November.
Prior news suggested the firm planned to eliminate between 2,000 and 3,000 positions by the beginning of next month.
Until December 2024, the company retained nearly 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The company has not yet commented to a request for comment.
