Skydance Paramount Will Remove Approximately 2,000 American Positions – News
Skydance Paramount is scheduled to begin mass layoffs the week of 27 October, eliminating about 2,000 positions in the United States under a budget-saving initiative valued at $2bn led by new chief executive David Ellison.
The layoffs come after the combination between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Further global layoffs are expected, with the company intending to reveal all specifics in its third quarter earnings report set for the 10th of November.
Previous updates stated the firm planned to eliminate from 2,000 to 3,000 roles by early November.
Until December 2024, the organization had nearly 18,600 permanent and temporary staff and 3,500 project-based staff.
The company has not provided a response on the matter.
