Skydance Paramount Set to Cut Around 2,000 American Positions – Update
Skydance Paramount will initiate mass layoffs during the week starting 27 October, removing nearly 2,000 American roles as part of a budget-saving initiative valued at $2bn under CEO David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Additional global layoffs are likely, as the firm planning to disclose all specifics in its Q3 financial results scheduled for November 10.
Earlier reports stated the company aimed to reduce from 2,000 to 3,000 positions by the beginning of next month.
As of December 2024, the organization retained almost 18,600 full- and part-time employees and 3,500 temporary project employees.
Paramount Skydance did not immediately respond to a request for comment.
