Paramount Skydance Set to Remove Around 2,000 American Positions – Report
Skydance Paramount plans to initiate mass layoffs during the week starting 27 October, cutting approximately 2,000 US jobs as part of a expense reduction strategy totaling $2bn led by top executive David Ellison.
The layoffs are a result of the combination of Skydance Media and Paramount Global, completed during August valued at $8.4bn.
More international job cuts are expected, as the firm aiming to reveal all specifics in its Q3 financial results on 10 November.
Earlier reports had indicated that Paramount planned to cut between 2,000 and 3,000 roles by early November.
By December 2024, Paramount employed almost 18,600 full- and part-time employees plus 3,500 temporary project employees.
The company did not immediately respond on the matter.
