Skydance Paramount Set to Eliminate Around 2,000 US Jobs – News
Skydance Paramount will start large-scale job cuts during the week starting 27 October, eliminating about 2,000 US jobs under a expense reduction strategy valued at $2bn led by new chief executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Additional international job cuts are anticipated, with the company aiming to announce full details during its Q3 financial results on 10 November.
Prior news suggested that Paramount was looking to cut from 2,000 to 3,000 positions before the start of November.
Until December 2024, the organization employed almost 18,600 permanent and temporary staff plus 3,500 project-based staff.
The organization did not immediately respond to a request for comment.
