Paramount Skydance Will Cut Nearly 2,000 US Jobs – News
Skydance Paramount plans to start large-scale job cuts during the week starting 27 October, eliminating approximately 2,000 American roles within a cost-cutting plan valued at $2bn under top executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
More international job cuts are anticipated, as the firm aiming to announce all specifics during its third quarter earnings report scheduled for November 10.
Earlier reports suggested that Paramount aimed to cut from 2,000 and 3,000 roles by early November.
Until December 2024, the company employed almost 18,600 full- and part-time employees along with 3,500 project-based staff.
The organization has not provided a response on the matter.