Skydance Paramount Plans to Remove Approximately 2,000 US Jobs – Report
Skydance Paramount will initiate large-scale job cuts the week of 27 October, eliminating about 2,000 positions in the United States as part of a cost-cutting plan valued at $2bn led by CEO David Ellison.
The layoffs come after the combination of Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
More international job cuts are anticipated, with the company aiming to reveal full details via its third-quarter financial update scheduled for November 10.
Previous updates stated the company aimed to cut from 2,000 to 3,000 positions by early November.
By December 2024, the organization had nearly 18,600 full- and part-time employees and 3,500 temporary project employees.
The company did not immediately respond to a request for comment.
