Paramount Skydance Set to Eliminate Around 2,000 US Jobs – Report
Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, cutting approximately 2,000 positions in the United States within a budget-saving initiative worth $2bn under CEO David Ellison.
The layoffs follow the union between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
More international job cuts are anticipated, with the company planning to disclose full details during its Q3 financial results on 10 November.
Prior news stated that Paramount was looking to reduce from 2,000 and 3,000 jobs by the beginning of next month.
As of December 2024, the company retained about 18,600 full- and part-time employees along with 3,500 contract workers.
The organization did not immediately respond on the matter.
