Skydance Paramount Will Remove Around 2,000 United States Roles – News
Skydance Paramount will begin mass layoffs the week of 27 October, cutting approximately 2,000 positions in the United States as part of a expense reduction strategy totaling $2bn led by top executive David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional international job cuts are expected, as the firm intending to announce all specifics during its third-quarter financial update set for the 10th of November.
Prior news suggested that Paramount aimed to reduce from 2,000 to 3,000 jobs before the start of November.
As of December 2024, the company retained about 18,600 permanent and temporary staff along with 3,500 contract workers.
The company has not provided a response to a request for comment.