Skydance Paramount Set to Eliminate Approximately 2,000 American Positions – Update
Skydance Paramount plans to initiate large-scale job cuts during the week starting 27 October, removing about 2,000 positions in the United States within a budget-saving initiative totaling $2bn under new chief executive David Ellison.
The layoffs follow the merger of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
More international job cuts are expected, with the company planning to disclose full details during its Q3 financial results set for the 10th of November.
Prior news stated the company aimed to eliminate from 2,000 to 3,000 positions by early November.
Until December 2024, the company had about 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The organization has not provided a response to a request for comment.
