Skydance Paramount Set to Cut Nearly 2,000 US Jobs – Report
Skydance Paramount is scheduled to start large-scale job cuts beginning on 27 October, eliminating about 2,000 US jobs under a cost-cutting plan totaling $2bn under top executive David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance planning to announce complete information via its Q3 financial results scheduled for November 10.
Earlier reports stated the firm was looking to cut from 2,000 to 3,000 jobs before the start of November.
By December 2024, the organization had about 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
The organization has not yet commented regarding the report.
