Paramount Skydance Will Eliminate Nearly 2,000 United States Roles – Report
Skydance Paramount plans to start large-scale job cuts during the week starting 27 October, removing approximately 2,000 American roles within a budget-saving initiative valued at $2bn overseen by new chief executive David Ellison.
The layoffs come after the merger of Skydance Media and Paramount Global, completed in August worth $8.4bn.
Further global layoffs are likely, with the company intending to disclose full details via its third quarter earnings report set for the 10th of November.
Prior news stated the firm aimed to eliminate between 2,000 to 3,000 roles by early November.
Until December 2024, the organization retained nearly 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The company has not yet commented to a request for comment.
