Skydance Paramount Will Cut Approximately 2,000 American Positions – Report
Paramount Skydance is scheduled to initiate mass layoffs the week of 27 October, removing nearly 2,000 positions in the United States within a budget-saving initiative valued at $2bn under CEO David Ellison.
The layoffs follow the combination between Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
Further overseas workforce reductions are expected, as the firm aiming to reveal all specifics during its third-quarter financial update set for the 10th of November.
Previous updates had indicated the company aimed to cut from 2,000 and 3,000 jobs by the beginning of next month.
As of December 2024, the company employed about 18,600 permanent and temporary staff along with 3,500 project-based staff.
Paramount Skydance has not yet commented regarding the report.
