Paramount Skydance Plans to Eliminate Nearly 2,000 US Jobs – News
Paramount Skydance plans to initiate large-scale job cuts the week of 27 October, cutting about 2,000 US jobs as part of a budget-saving initiative worth $2bn overseen by top executive David Ellison.
These job cuts follow the combination between Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Further international job cuts are expected, as the firm intending to reveal complete information during its third-quarter financial update on 10 November.
Previous updates had indicated the company planned to eliminate from 2,000 to 3,000 jobs before the start of November.
By December 2024, the company retained nearly 18,600 permanent and temporary staff plus 3,500 temporary project employees.
The organization did not immediately respond on the matter.
