Paramount Skydance Set to Remove Around 2,000 American Positions – Report
Paramount Skydance will initiate large-scale job cuts the week of 27 October, cutting about 2,000 positions in the United States as part of a budget-saving initiative totaling $2bn under top executive David Ellison.
The layoffs come after the merger of Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Additional international job cuts are expected, with the company aiming to disclose complete information in its Q3 financial results on 10 November.
Prior news stated that Paramount was looking to eliminate from 2,000 and 3,000 positions before the start of November.
By December 2024, Paramount had about 18,600 full- and part-time employees plus 3,500 project-based staff.
The organization did not immediately respond regarding the report.
