Paramount Skydance Will Eliminate Approximately 2,000 American Positions – Report
Paramount Skydance will initiate mass layoffs during the week starting 27 October, eliminating approximately 2,000 US jobs under a budget-saving initiative totaling $2bn under CEO David Ellison.
The layoffs are a result of the merger of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
More overseas workforce reductions are anticipated, with the company planning to disclose complete information via its third quarter earnings report set for the 10th of November.
Prior news stated the firm planned to reduce between 2,000 and 3,000 positions by early November.
As of December 2024, the organization employed nearly 18,600 permanent and temporary staff and 3,500 temporary project employees.
The company has not provided a response regarding the report.
