Paramount Skydance Set to Cut Around 2,000 US Jobs – Report
Paramount Skydance will initiate large-scale job cuts beginning on 27 October, removing nearly 2,000 US jobs under a expense reduction strategy valued at $2bn led by top executive David Ellison.
The layoffs come after the combination of Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
Further international job cuts are anticipated, with Paramount Skydance intending to reveal all specifics in its third quarter earnings report on 10 November.
Earlier reports stated the firm planned to cut from 2,000 and 3,000 positions by the beginning of next month.
By December 2024, the company retained about 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The organization did not immediately respond to a request for comment.
