Skydance Paramount Plans to Remove Nearly 2,000 American Positions – Update
Skydance Paramount plans to start mass layoffs the week of 27 October, removing about 2,000 American roles within a budget-saving initiative worth $2bn led by top executive David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional overseas workforce reductions are anticipated, with Paramount Skydance aiming to announce complete information via its third-quarter financial update scheduled for November 10.
Previous updates stated that Paramount aimed to eliminate from 2,000 and 3,000 jobs by the beginning of next month.
By December 2024, the company had nearly 18,600 full- and part-time employees along with 3,500 temporary project employees.
The organization did not immediately respond regarding the report.
