Skydance Paramount Set to Remove Around 2,000 United States Roles – News
Paramount Skydance is scheduled to begin mass layoffs the week of 27 October, cutting about 2,000 positions in the United States under a expense reduction strategy worth $2bn led by CEO David Ellison.
The workforce reduction follow the union between Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.
More global layoffs are likely, as the firm intending to disclose all specifics during its third quarter earnings report scheduled for November 10.
Previous updates suggested the company was looking to cut from 2,000 to 3,000 jobs by early November.
By December 2024, the company employed almost 18,600 full- and part-time employees along with 3,500 temporary project employees.
The organization has not provided a response on the matter.
