Skydance Paramount Plans to Remove Around 2,000 US Jobs – Report
Skydance Paramount is scheduled to start significant workforce reductions during the week starting 27 October, removing nearly 2,000 American roles within a expense reduction strategy totaling $2bn overseen by new chief executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
More international job cuts are expected, with the company intending to announce full details in its third quarter earnings report set for the 10th of November.
Prior news stated the firm was looking to cut between 2,000 and 3,000 jobs by early November.
Until December 2024, Paramount had nearly 18,600 full- and part-time employees plus 3,500 temporary project employees.
Paramount Skydance has not yet commented to a request for comment.
