Skydance Paramount Set to Remove Around 2,000 United States Roles – Update
Skydance Paramount is scheduled to initiate mass layoffs the week of 27 October, removing approximately 2,000 American roles under a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
The workforce reduction come after the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Further international job cuts are likely, with Paramount Skydance aiming to announce complete information via its Q3 financial results on 10 November.
Previous updates suggested that Paramount was looking to reduce between 2,000 to 3,000 positions by early November.
Until December 2024, the company employed almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not yet commented regarding the report.
