Paramount Skydance Will Remove Nearly 2,000 United States Roles – Update
Skydance Paramount plans to begin mass layoffs the week of 27 October, removing approximately 2,000 US jobs within a budget-saving initiative valued at $2bn overseen by top executive David Ellison.
The workforce reduction follow the combination of Skydance Media and Paramount Global, finalized this past August valued at $8.4bn.
Further overseas workforce reductions are expected, with the company aiming to announce complete information during its third quarter earnings report on 10 November.
Earlier reports stated the firm aimed to reduce from 2,000 and 3,000 roles by early November.
Until December 2024, the company retained nearly 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not yet commented regarding the report.
