Skydance Paramount Will Cut Approximately 2,000 American Positions – Report
Paramount Skydance plans to initiate mass layoffs beginning on 27 October, eliminating about 2,000 American roles under a budget-saving initiative valued at $2bn led by top executive David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance aiming to reveal full details via its third quarter earnings report set for the 10th of November.
Prior news suggested the company was looking to cut from 2,000 to 3,000 jobs before the start of November.
As of December 2024, the company had almost 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The company has not provided a response regarding the report.
