Paramount Skydance Will Remove Nearly 2,000 US Jobs – Report
Paramount Skydance is scheduled to initiate mass layoffs the week of 27 October, cutting nearly 2,000 positions in the United States under a budget-saving initiative totaling $2bn led by top executive David Ellison.
These job cuts follow the merger between Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
More international job cuts are anticipated, as the firm aiming to disclose all specifics via its third-quarter financial update on 10 November.
Earlier reports stated the company planned to reduce between 2,000 and 3,000 roles by the beginning of next month.
Until December 2024, Paramount retained almost 18,600 permanent and temporary staff and 3,500 contract workers.
Paramount Skydance has not yet commented on the matter.
