Paramount Skydance Will Eliminate Around 2,000 American Positions – News
Paramount Skydance plans to initiate significant workforce reductions beginning on 27 October, eliminating about 2,000 American roles as part of a cost-cutting plan valued at $2bn led by top executive David Ellison.
The layoffs are a result of the merger of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Additional international job cuts are anticipated, with the company planning to reveal complete information in its third quarter earnings report scheduled for November 10.
Previous updates stated the company aimed to reduce between 2,000 to 3,000 jobs before the start of November.
Until December 2024, the company had about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The company did not immediately respond on the matter.
