Paramount Skydance Plans to Eliminate Nearly 2,000 American Positions – News
Skydance Paramount will start mass layoffs beginning on 27 October, cutting about 2,000 American roles within a cost-cutting plan worth $2bn led by new chief executive David Ellison.
The layoffs are a result of the union between Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
More global layoffs are anticipated, with Paramount Skydance intending to announce full details in its third-quarter financial update on 10 November.
Previous updates stated the company was looking to eliminate between 2,000 and 3,000 positions by early November.
By December 2024, the organization had nearly 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization has not provided a response on the matter.
