Paramount Skydance Set to Eliminate Around 2,000 US Jobs – News
Paramount Skydance will initiate mass layoffs the week of 27 October, removing about 2,000 US jobs as part of a budget-saving initiative worth $2bn led by CEO David Ellison.
These job cuts are a result of the merger between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Further overseas workforce reductions are expected, as the firm aiming to reveal all specifics via its third quarter earnings report set for the 10th of November.
Prior news suggested the firm planned to reduce between 2,000 to 3,000 positions before the start of November.
As of December 2024, the company had about 18,600 permanent and temporary staff plus 3,500 project-based staff.
The organization did not immediately respond on the matter.
