Skydance Paramount Set to Eliminate Nearly 2,000 US Jobs – News
Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, cutting approximately 2,000 US jobs as part of a cost-cutting plan valued at $2bn led by CEO David Ellison.
The layoffs are a result of the merger of Skydance Media and Paramount Global, completed during August worth $8.4bn.
Further overseas workforce reductions are expected, with the company aiming to disclose all specifics in its Q3 financial results on 10 November.
Earlier reports had indicated the firm planned to reduce from 2,000 and 3,000 jobs by early November.
Until December 2024, the organization retained about 18,600 full- and part-time employees and 3,500 contract workers.
The company has not yet commented to a request for comment.
