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Skydance Paramount Will Eliminate Approximately 2,000 US Jobs – Report
Paramount Skydance plans to initiate mass layoffs the week of 27 October, removing approximately 2,000 American roles within a budget-saving initiative worth $2bn under top executive David Ellison.
The layoffs are a result of the merger of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Further overseas workforce reductions are anticipated, with the company planning to announce all specifics in its Q3 financial results on 10 November.
Earlier reports had indicated the company was looking to cut between 2,000 to 3,000 roles by the beginning of next month.
By December 2024, Paramount retained about 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The organization has not yet commented to a request for comment.
Sean Lee
Tech enthusiast and business strategist with over a decade of experience in digital transformation and startup consulting.
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