Skydance Paramount Set to Cut Nearly 2,000 US Jobs – Report
Skydance Paramount plans to start mass layoffs during the week starting 27 October, eliminating about 2,000 American roles under a cost-cutting plan totaling $2bn under top executive David Ellison.
The layoffs come after the combination of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
More global layoffs are likely, as the firm intending to reveal full details via its third quarter earnings report set for the 10th of November.
Earlier reports suggested that Paramount aimed to cut between 2,000 to 3,000 positions by early November.
As of December 2024, the company retained nearly 18,600 full- and part-time employees plus 3,500 contract workers.
Paramount Skydance has not yet commented regarding the report.
