Skydance Paramount Plans to Remove Around 2,000 US Jobs – News
Skydance Paramount plans to initiate mass layoffs during the week starting 27 October, eliminating nearly 2,000 American roles within a budget-saving initiative valued at $2bn overseen by new chief executive David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance intending to reveal all specifics in its Q3 financial results on 10 November.
Previous updates stated the company aimed to eliminate from 2,000 and 3,000 roles by early November.
By December 2024, the company employed about 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The organization has not yet commented to a request for comment.
