Paramount Skydance Will Remove Around 2,000 US Jobs – Update
Paramount Skydance plans to initiate large-scale job cuts beginning on 27 October, cutting about 2,000 American roles within a budget-saving initiative worth $2bn led by CEO David Ellison.
The layoffs come after the combination between Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Further global layoffs are likely, with the company aiming to reveal full details via its third quarter earnings report scheduled for November 10.
Earlier reports had indicated the company aimed to reduce from 2,000 and 3,000 roles before the start of November.
Until December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The company did not immediately respond regarding the report.
