Paramount Skydance Set to Remove Approximately 2,000 American Positions – Update
Paramount Skydance will start large-scale job cuts the week of 27 October, cutting approximately 2,000 American roles within a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
Additional global layoffs are expected, as the firm aiming to reveal complete information via its third quarter earnings report on 10 November.
Prior news stated the company planned to reduce from 2,000 to 3,000 roles before the start of November.
Until December 2024, the company employed almost 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The company has not yet commented regarding the report.
