Paramount Skydance Set to Eliminate Approximately 2,000 United States Roles – Update
Skydance Paramount will start mass layoffs during the week starting 27 October, removing nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn led by new chief executive David Ellison.
The layoffs follow the merger of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Further global layoffs are anticipated, with Paramount Skydance aiming to announce full details during its third-quarter financial update set for the 10th of November.
Prior news suggested that Paramount planned to eliminate from 2,000 and 3,000 jobs by the beginning of next month.
By December 2024, Paramount had almost 18,600 full- and part-time employees along with 3,500 project-based staff.
The company has not yet commented on the matter.
