Skydance Paramount Will Cut Approximately 2,000 American Positions – Report
Skydance Paramount is scheduled to start mass layoffs beginning on 27 October, eliminating approximately 2,000 positions in the United States within a budget-saving initiative valued at $2bn led by top executive David Ellison.
These job cuts are a result of the merger between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional global layoffs are anticipated, as the firm intending to reveal complete information via its Q3 financial results set for the 10th of November.
Previous updates suggested the firm aimed to reduce between 2,000 to 3,000 positions by early November.
Until December 2024, the organization had almost 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
The organization has not provided a response on the matter.
