Paramount Skydance Set to Eliminate Approximately 2,000 US Jobs – News
Paramount Skydance will initiate mass layoffs the week of 27 October, eliminating about 2,000 US jobs within a cost-cutting plan worth $2bn led by top executive David Ellison.
The layoffs are a result of the union between Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Further international job cuts are likely, with the company aiming to disclose all specifics in its third quarter earnings report on 10 November.
Previous updates stated the firm was looking to eliminate from 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the company employed nearly 18,600 full- and part-time employees and 3,500 temporary project employees.
The company has not provided a response to a request for comment.
