Paramount Skydance Plans to Cut Around 2,000 United States Roles – News
Paramount Skydance is scheduled to start mass layoffs beginning on 27 October, cutting nearly 2,000 American roles as part of a expense reduction strategy valued at $2bn under new chief executive David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Further overseas workforce reductions are expected, as the firm intending to disclose full details during its third-quarter financial update set for the 10th of November.
Previous updates stated that Paramount was looking to cut between 2,000 to 3,000 jobs by the beginning of next month.
By December 2024, the organization retained almost 18,600 permanent and temporary staff along with 3,500 contract workers.
The organization has not yet commented on the matter.
