Skydance Paramount Set to Cut Around 2,000 US Jobs – Update
Skydance Paramount plans to begin mass layoffs the week of 27 October, cutting nearly 2,000 positions in the United States within a expense reduction strategy worth $2bn led by CEO David Ellison.
The workforce reduction come after the union between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Further international job cuts are anticipated, with Paramount Skydance intending to announce full details in its third-quarter financial update set for the 10th of November.
Previous updates had indicated that Paramount aimed to reduce from 2,000 to 3,000 roles before the start of November.
Until December 2024, the organization employed about 18,600 permanent and temporary staff along with 3,500 contract workers.
The company has not yet commented on the matter.
