Paramount Skydance Will Eliminate Around 2,000 US Jobs – News
Paramount Skydance is scheduled to initiate mass layoffs the week of 27 October, removing nearly 2,000 American roles under a expense reduction strategy valued at $2bn under CEO David Ellison.
These job cuts are a result of the union between Skydance Media and Paramount Global, completed this past August worth $8.4bn.
More overseas workforce reductions are likely, as the firm intending to disclose full details during its Q3 financial results on 10 November.
Earlier reports stated the company planned to eliminate between 2,000 to 3,000 jobs before the start of November.
By December 2024, Paramount had nearly 18,600 full- and part-time employees along with 3,500 temporary project employees.
The company has not provided a response on the matter.
