Skydance Paramount Plans to Remove Nearly 2,000 United States Roles – News
Skydance Paramount plans to start mass layoffs the week of 27 October, eliminating nearly 2,000 positions in the United States under a cost-cutting plan totaling $2bn under CEO David Ellison.
The workforce reduction follow the union of Skydance Media and Paramount Global, completed during August worth $8.4bn.
Additional overseas workforce reductions are likely, with the company planning to reveal complete information in its third quarter earnings report on 10 November.
Previous updates suggested the firm planned to reduce between 2,000 to 3,000 roles before the start of November.
By December 2024, the organization employed about 18,600 full- and part-time employees and 3,500 project-based staff.
The organization has not provided a response to a request for comment.
