Skydance Paramount Will Remove Nearly 2,000 US Jobs – Report
Skydance Paramount will initiate large-scale job cuts beginning on 27 October, eliminating about 2,000 positions in the United States within a budget-saving initiative worth $2bn under CEO David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
Further international job cuts are expected, as the firm intending to reveal full details during its Q3 financial results on 10 November.
Previous updates stated the company planned to reduce between 2,000 to 3,000 jobs before the start of November.
Until December 2024, the company employed almost 18,600 full- and part-time employees and 3,500 project-based staff.
The company has not provided a response regarding the report.
