Paramount Skydance Plans to Cut Approximately 2,000 American Positions – News
Paramount Skydance plans to start large-scale job cuts the week of 27 October, removing about 2,000 US jobs under a budget-saving initiative totaling $2bn under top executive David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Further global layoffs are likely, with the company planning to reveal all specifics via its third quarter earnings report scheduled for November 10.
Earlier reports had indicated the company was looking to reduce between 2,000 to 3,000 jobs by the beginning of next month.
Until December 2024, the company retained almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not yet commented regarding the report.
