Paramount Skydance Set to Cut Around 2,000 US Jobs – Report
Paramount Skydance is scheduled to start mass layoffs during the week starting 27 October, cutting about 2,000 positions in the United States as part of a budget-saving initiative totaling $2bn led by CEO David Ellison.
The workforce reduction follow the union between Skydance Media and Paramount Global, completed during August worth $8.4bn.
Additional international job cuts are expected, as the firm intending to announce complete information in its Q3 financial results scheduled for November 10.
Previous updates stated the firm aimed to cut from 2,000 and 3,000 roles before the start of November.
By December 2024, Paramount employed about 18,600 full- and part-time employees plus 3,500 contract workers.
The company did not immediately respond on the matter.
