Skydance Paramount Set to Eliminate Approximately 2,000 American Positions – News
Skydance Paramount will initiate mass layoffs beginning on 27 October, removing nearly 2,000 American roles as part of a cost-cutting plan worth $2bn led by CEO David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Further global layoffs are anticipated, with the company planning to reveal complete information in its third-quarter financial update scheduled for November 10.
Earlier reports stated the firm was looking to reduce from 2,000 and 3,000 jobs by early November.
By December 2024, the organization had about 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The company has not provided a response regarding the report.
