Paramount Skydance Set to Remove Approximately 2,000 American Positions – News
Skydance Paramount is scheduled to initiate large-scale job cuts during the week starting 27 October, removing about 2,000 US jobs within a budget-saving initiative valued at $2bn under CEO David Ellison.
The layoffs are a result of the merger of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Further international job cuts are anticipated, as the firm planning to reveal complete information during its third quarter earnings report set for the 10th of November.
Prior news suggested the company planned to cut from 2,000 and 3,000 positions by early November.
By December 2024, Paramount had nearly 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not yet commented on the matter.
