Skydance Paramount Plans to Cut Approximately 2,000 United States Roles – Update
Paramount Skydance is scheduled to start mass layoffs during the week starting 27 October, eliminating nearly 2,000 US jobs as part of a cost-cutting plan valued at $2bn overseen by top executive David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, completed in August worth $8.4bn.
Further global layoffs are likely, as the firm aiming to reveal complete information via its Q3 financial results on 10 November.
Earlier reports suggested the company planned to eliminate from 2,000 to 3,000 jobs by the beginning of next month.
As of December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The company did not immediately respond on the matter.
