Skydance Paramount Set to Cut Around 2,000 US Jobs – Report
Paramount Skydance is scheduled to begin mass layoffs beginning on 27 October, cutting nearly 2,000 US jobs as part of a expense reduction strategy totaling $2bn under CEO David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Additional global layoffs are anticipated, with the company aiming to announce full details in its Q3 financial results scheduled for November 10.
Earlier reports stated the company aimed to cut from 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, the company retained about 18,600 full- and part-time employees and 3,500 project-based staff.
The organization has not provided a response on the matter.
