Skydance Paramount Plans to Remove Nearly 2,000 American Positions – News
Paramount Skydance is scheduled to start mass layoffs during the week starting 27 October, removing nearly 2,000 American roles as part of a budget-saving initiative totaling $2bn overseen by new chief executive David Ellison.
These job cuts are a result of the combination of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
More global layoffs are expected, as the firm intending to announce complete information during its third quarter earnings report on 10 November.
Prior news suggested the company was looking to cut between 2,000 to 3,000 roles by early November.
By December 2024, the company retained nearly 18,600 full- and part-time employees plus 3,500 temporary project employees.
The company did not immediately respond on the matter.
