Skydance Paramount Will Remove Nearly 2,000 United States Roles – News
Paramount Skydance will initiate mass layoffs the week of 27 October, eliminating approximately 2,000 US jobs as part of a expense reduction strategy worth $2bn under new chief executive David Ellison.
The workforce reduction come after the combination between Skydance Media and Paramount Global, finalized this past August valued at $8.4bn.
Additional global layoffs are expected, with Paramount Skydance planning to disclose full details during its third quarter earnings report set for the 10th of November.
Previous updates suggested that Paramount aimed to reduce from 2,000 to 3,000 jobs by early November.
By December 2024, the company had almost 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization has not yet commented regarding the report.
