Paramount Skydance Plans to Cut Nearly 2,000 American Positions – Report
Paramount Skydance will begin mass layoffs beginning on 27 October, eliminating nearly 2,000 positions in the United States within a cost-cutting plan valued at $2bn overseen by CEO David Ellison.
The workforce reduction are a result of the combination of Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
More international job cuts are anticipated, with Paramount Skydance intending to disclose all specifics via its third quarter earnings report set for the 10th of November.
Prior news had indicated the firm was looking to eliminate between 2,000 to 3,000 positions by early November.
By December 2024, Paramount retained about 18,600 full- and part-time employees along with 3,500 temporary project employees.
Paramount Skydance has not yet commented to a request for comment.
