Skydance Paramount Will Cut Nearly 2,000 US Jobs – Report
Paramount Skydance will initiate mass layoffs the week of 27 October, eliminating approximately 2,000 American roles under a cost-cutting plan worth $2bn led by CEO David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
More international job cuts are expected, as the firm planning to reveal full details during its third quarter earnings report set for the 10th of November.
Previous updates had indicated that Paramount planned to reduce from 2,000 and 3,000 roles by early November.
Until December 2024, Paramount retained about 18,600 full- and part-time employees plus 3,500 project-based staff.
The organization did not immediately respond regarding the report.
