Skydance Paramount Will Eliminate Approximately 2,000 US Jobs – Update
Skydance Paramount is scheduled to initiate large-scale job cuts the week of 27 October, removing approximately 2,000 US jobs within a cost-cutting plan totaling $2bn led by top executive David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More global layoffs are likely, as the firm intending to announce all specifics via its Q3 financial results on 10 November.
Previous updates stated the company aimed to cut between 2,000 to 3,000 positions before the start of November.
Until December 2024, Paramount had nearly 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The organization did not immediately respond on the matter.
