Paramount Skydance Will Remove Around 2,000 US Jobs – Report
Paramount Skydance will start significant workforce reductions beginning on 27 October, eliminating approximately 2,000 US jobs as part of a budget-saving initiative valued at $2bn under new chief executive David Ellison.
The layoffs follow the union between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Further global layoffs are anticipated, with Paramount Skydance planning to announce full details during its third quarter earnings report on 10 November.
Prior news suggested the firm aimed to eliminate from 2,000 to 3,000 jobs before the start of November.
As of December 2024, the company retained about 18,600 full- and part-time employees and 3,500 project-based staff.
The company has not provided a response to a request for comment.