Skydance Paramount Plans to Remove Nearly 2,000 American Positions – News
Skydance Paramount is scheduled to start large-scale job cuts the week of 27 October, removing approximately 2,000 US jobs as part of a expense reduction strategy valued at $2bn overseen by top executive David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
More global layoffs are likely, as the firm aiming to reveal complete information during its Q3 financial results set for the 10th of November.
Prior news stated the company planned to eliminate between 2,000 to 3,000 roles before the start of November.
Until December 2024, the company had about 18,600 permanent and temporary staff and 3,500 temporary project employees.
The company has not yet commented regarding the report.
