Paramount Skydance Will Eliminate Approximately 2,000 United States Roles – Update
Skydance Paramount plans to start mass layoffs beginning on 27 October, eliminating nearly 2,000 positions in the United States within a cost-cutting plan worth $2bn overseen by top executive David Ellison.
The layoffs are a result of the merger of Skydance Media and Paramount Global, which closed in August worth $8.4bn.
Further international job cuts are anticipated, with the company planning to announce all specifics via its third-quarter financial update on 10 November.
Earlier reports had indicated the firm planned to cut between 2,000 to 3,000 jobs before the start of November.
As of December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The organization has not yet commented to a request for comment.
