Paramount Skydance Plans to Eliminate Nearly 2,000 United States Roles – News
Skydance Paramount is scheduled to initiate mass layoffs beginning on 27 October, removing nearly 2,000 American roles under a cost-cutting plan totaling $2bn overseen by CEO David Ellison.
The workforce reduction are a result of the merger between Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Additional global layoffs are expected, with Paramount Skydance planning to announce all specifics via its Q3 financial results scheduled for November 10.
Prior news stated that Paramount was looking to reduce from 2,000 to 3,000 jobs by early November.
As of December 2024, the company had about 18,600 full- and part-time employees and 3,500 temporary project employees.
Paramount Skydance has not yet commented on the matter.
