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Skydance Paramount Plans to Eliminate Around 2,000 US Jobs – News
Skydance Paramount will begin large-scale job cuts beginning on 27 October, removing about 2,000 positions in the United States under a expense reduction strategy totaling $2bn led by top executive David Ellison.
The layoffs follow the merger of Skydance Media and Paramount Global, which closed during August worth $8.4bn.
More overseas workforce reductions are anticipated, as the firm planning to reveal all specifics in its third quarter earnings report set for the 10th of November.
Previous updates suggested the company planned to eliminate from 2,000 to 3,000 positions by early November.
By December 2024, Paramount retained almost 18,600 permanent and temporary staff plus 3,500 contract workers.
The company did not immediately respond to a request for comment.
Michelle Oconnor
A tech enthusiast and cultural critic with over a decade of experience in digital media and blogging.
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