Paramount Skydance Set to Remove Approximately 2,000 US Jobs – News
Paramount Skydance is scheduled to begin significant workforce reductions the week of 27 October, eliminating approximately 2,000 US jobs under a expense reduction strategy valued at $2bn led by top executive David Ellison.
The layoffs are a result of the combination between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Additional international job cuts are expected, as the firm intending to reveal complete information during its third-quarter financial update on 10 November.
Earlier reports suggested that Paramount was looking to eliminate between 2,000 to 3,000 roles before the start of November.
By December 2024, Paramount retained almost 18,600 full- and part-time employees plus 3,500 temporary project employees.
The organization has not provided a response to a request for comment.
