Skydance Paramount Will Remove Approximately 2,000 American Positions – News
Skydance Paramount plans to initiate mass layoffs during the week starting 27 October, removing about 2,000 US jobs under a cost-cutting plan worth $2bn overseen by CEO David Ellison.
These job cuts come after the union of Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Additional global layoffs are likely, with the company aiming to announce full details in its third-quarter financial update set for the 10th of November.
Earlier reports stated that Paramount aimed to cut from 2,000 and 3,000 jobs before the start of November.
As of December 2024, the organization had about 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The organization did not immediately respond to a request for comment.
