Paramount Skydance Plans to Cut Around 2,000 American Positions – News
Paramount Skydance will start mass layoffs during the week starting 27 October, removing nearly 2,000 positions in the United States under a budget-saving initiative valued at $2bn overseen by new chief executive David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
More global layoffs are likely, with Paramount Skydance intending to reveal full details via its third-quarter financial update on 10 November.
Earlier reports had indicated that Paramount planned to reduce between 2,000 to 3,000 jobs by the beginning of next month.
Until December 2024, Paramount retained nearly 18,600 full- and part-time employees and 3,500 temporary project employees.
Paramount Skydance did not immediately respond regarding the report.
