Skydance Paramount Plans to Eliminate Approximately 2,000 US Jobs – News
Skydance Paramount will initiate mass layoffs beginning on 27 October, eliminating about 2,000 American roles under a cost-cutting plan worth $2bn under new chief executive David Ellison.
The layoffs follow the union between Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
Additional overseas workforce reductions are likely, as the firm planning to announce complete information via its third-quarter financial update scheduled for November 10.
Previous updates stated the company planned to reduce from 2,000 to 3,000 positions by early November.
Until December 2024, the organization employed about 18,600 permanent and temporary staff and 3,500 project-based staff.
The organization has not yet commented to a request for comment.
