Skydance Paramount Set to Remove Around 2,000 US Jobs – News
Paramount Skydance plans to initiate mass layoffs the week of 27 October, cutting about 2,000 US jobs within a cost-cutting plan valued at $2bn overseen by top executive David Ellison.
The workforce reduction follow the merger of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More global layoffs are anticipated, with Paramount Skydance aiming to disclose all specifics via its third-quarter financial update on 10 November.
Earlier reports suggested the company was looking to cut from 2,000 to 3,000 roles before the start of November.
By December 2024, the company employed about 18,600 permanent and temporary staff along with 3,500 temporary project employees.
The organization did not immediately respond on the matter.
