Paramount Skydance Will Eliminate Around 2,000 American Positions – News
Paramount Skydance plans to start mass layoffs the week of 27 October, eliminating about 2,000 US jobs as part of a expense reduction strategy worth $2bn led by top executive David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
Additional global layoffs are likely, with the company intending to disclose full details via its Q3 financial results set for the 10th of November.
Prior news had indicated the firm aimed to eliminate from 2,000 to 3,000 jobs before the start of November.
As of December 2024, the company retained about 18,600 permanent and temporary staff along with 3,500 contract workers.
The company has not provided a response to a request for comment.
