Paramount Skydance Set to Cut Nearly 2,000 American Positions – News
Skydance Paramount will start large-scale job cuts the week of 27 October, removing nearly 2,000 US jobs within a cost-cutting plan valued at $2bn overseen by CEO David Ellison.
The layoffs come after the union of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More global layoffs are anticipated, with Paramount Skydance intending to disclose complete information via its third-quarter financial update set for the 10th of November.
Earlier reports had indicated the company aimed to cut from 2,000 and 3,000 positions by early November.
As of December 2024, Paramount retained nearly 18,600 full- and part-time employees along with 3,500 temporary project employees.
The organization has not yet commented regarding the report.
