Skydance Paramount Will Eliminate Nearly 2,000 United States Roles – Report
Paramount Skydance is scheduled to begin mass layoffs beginning on 27 October, eliminating about 2,000 US jobs as part of a cost-cutting plan worth $2bn led by CEO David Ellison.
The layoffs are a result of the merger between Skydance Media and Paramount Global, completed during August worth $8.4bn.
More overseas workforce reductions are anticipated, with Paramount Skydance intending to disclose complete information via its third quarter earnings report scheduled for November 10.
Previous updates stated the company planned to eliminate from 2,000 to 3,000 roles before the start of November.
As of December 2024, the organization retained almost 18,600 full- and part-time employees plus 3,500 contract workers.
The company has not yet commented to a request for comment.
