Skydance Paramount Will Cut Around 2,000 American Positions – News
Paramount Skydance will start mass layoffs the week of 27 October, cutting about 2,000 US jobs within a budget-saving initiative worth $2bn overseen by CEO David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
More global layoffs are anticipated, with the company intending to reveal complete information in its third quarter earnings report set for the 10th of November.
Earlier reports had indicated the firm aimed to reduce from 2,000 to 3,000 positions by the beginning of next month.
Until December 2024, Paramount retained about 18,600 full- and part-time employees along with 3,500 project-based staff.
Paramount Skydance has not provided a response on the matter.
