Skydance Paramount Plans to Cut Approximately 2,000 American Positions – Report
Skydance Paramount plans to begin mass layoffs the week of 27 October, removing approximately 2,000 positions in the United States under a expense reduction strategy totaling $2bn led by new chief executive David Ellison.
These job cuts are a result of the merger of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with the company intending to announce full details during its Q3 financial results on 10 November.
Prior news had indicated the firm planned to reduce from 2,000 to 3,000 positions before the start of November.
Until December 2024, the organization retained nearly 18,600 full- and part-time employees along with 3,500 project-based staff.
The organization has not provided a response regarding the report.
