Skydance Paramount Will Eliminate Around 2,000 American Positions – Report
Skydance Paramount is scheduled to start mass layoffs the week of 27 October, cutting about 2,000 US jobs within a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.
Further global layoffs are expected, with the company intending to reveal full details in its third-quarter financial update on 10 November.
Previous updates stated the company aimed to cut from 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, the organization employed nearly 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The company has not yet commented on the matter.
