Skydance Paramount Plans to Remove Around 2,000 US Jobs – Report
Skydance Paramount is scheduled to initiate large-scale job cuts beginning on 27 October, cutting about 2,000 American roles within a expense reduction strategy worth $2bn under CEO David Ellison.
The layoffs follow the union between Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
Further international job cuts are anticipated, with the company planning to announce full details during its third quarter earnings report set for the 10th of November.
Prior news suggested the firm was looking to reduce between 2,000 and 3,000 roles by early November.
Until December 2024, the company had about 18,600 full- and part-time employees and 3,500 temporary project employees.
The organization has not provided a response regarding the report.