Paramount Skydance Set to Eliminate Nearly 2,000 US Jobs – News
Skydance Paramount will start large-scale job cuts during the week starting 27 October, eliminating approximately 2,000 American roles under a budget-saving initiative valued at $2bn led by new chief executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
More international job cuts are likely, as the firm aiming to reveal full details in its third-quarter financial update set for the 10th of November.
Previous updates suggested the firm aimed to cut from 2,000 to 3,000 jobs before the start of November.
Until December 2024, the company had nearly 18,600 full- and part-time employees plus 3,500 project-based staff.
The organization did not immediately respond on the matter.
