Skydance Paramount Plans to Remove Nearly 2,000 American Positions – News
Paramount Skydance is scheduled to initiate mass layoffs beginning on 27 October, removing nearly 2,000 American roles within a budget-saving initiative totaling $2bn led by CEO David Ellison.
The layoffs are a result of the combination of Skydance Media and Paramount Global, finalized during August worth $8.4bn.
More overseas workforce reductions are likely, as the firm planning to reveal complete information via its third-quarter financial update scheduled for November 10.
Earlier reports had indicated the firm was looking to cut from 2,000 to 3,000 positions before the start of November.
As of December 2024, the organization retained nearly 18,600 permanent and temporary staff and 3,500 project-based staff.
The organization has not provided a response on the matter.
