Skydance Paramount Will Cut Around 2,000 American Positions – News
Paramount Skydance plans to initiate large-scale job cuts during the week starting 27 October, removing nearly 2,000 US jobs under a cost-cutting plan totaling $2bn overseen by new chief executive David Ellison.
The layoffs are a result of the combination of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
Additional international job cuts are expected, with the company planning to reveal complete information via its third quarter earnings report set for the 10th of November.
Earlier reports had indicated the firm aimed to reduce between 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the organization had nearly 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The company did not immediately respond regarding the report.
