Paramount Skydance Set to Cut Around 2,000 US Jobs – News
Paramount Skydance plans to start significant workforce reductions the week of 27 October, removing about 2,000 US jobs within a budget-saving initiative totaling $2bn under top executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
More international job cuts are anticipated, as the firm planning to announce complete information via its third-quarter financial update on 10 November.
Earlier reports suggested that Paramount aimed to reduce between 2,000 to 3,000 roles by the beginning of next month.
As of December 2024, Paramount had about 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
The organization has not provided a response regarding the report.
