Skydance Paramount Plans to Eliminate Around 2,000 American Positions – News
Skydance Paramount will initiate mass layoffs during the week starting 27 October, removing nearly 2,000 US jobs within a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance intending to disclose all specifics via its Q3 financial results on 10 November.
Prior news had indicated the firm was looking to reduce between 2,000 and 3,000 jobs before the start of November.
As of December 2024, Paramount retained about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization has not yet commented to a request for comment.
