Paramount Skydance Will Remove Around 2,000 American Positions – News
Paramount Skydance will start significant workforce reductions during the week starting 27 October, removing nearly 2,000 positions in the United States under a cost-cutting plan totaling $2bn under CEO David Ellison.
The layoffs come after the combination of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
More global layoffs are anticipated, with the company intending to reveal full details via its Q3 financial results scheduled for November 10.
Prior news had indicated the company planned to cut from 2,000 to 3,000 positions by early November.
By December 2024, the organization retained nearly 18,600 permanent and temporary staff along with 3,500 contract workers.
The organization has not provided a response on the matter.
