Paramount Skydance Will Remove Nearly 2,000 United States Roles – News
Skydance Paramount will initiate mass layoffs the week of 27 October, cutting nearly 2,000 positions in the United States under a cost-cutting plan totaling $2bn under top executive David Ellison.
The workforce reduction come after the merger of Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
More overseas workforce reductions are anticipated, as the firm intending to reveal full details during its third quarter earnings report on 10 November.
Prior news had indicated the company planned to cut from 2,000 to 3,000 positions before the start of November.
By December 2024, the company retained nearly 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The company has not provided a response to a request for comment.
