Skydance Paramount Will Eliminate Nearly 2,000 American Positions – News
Skydance Paramount is scheduled to begin significant workforce reductions beginning on 27 October, eliminating nearly 2,000 positions in the United States as part of a cost-cutting plan worth $2bn under top executive David Ellison.
The layoffs follow the combination of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Additional global layoffs are expected, as the firm aiming to reveal complete information in its third-quarter financial update on 10 November.
Prior news had indicated that Paramount aimed to eliminate from 2,000 and 3,000 jobs before the start of November.
As of December 2024, the company had almost 18,600 full- and part-time employees plus 3,500 contract workers.
The company has not yet commented on the matter.
