Paramount Skydance to cut 2,000 jobs week of – Business News
Paramount Skydance will start mass layoffs the week of October 27, eliminating round 2,000 U.S. jobs as half of a $2 billion cost-cutting plan underneath new CEO David Ellison, Variety reported on Saturday.
The layoffs observe the $8.4 billion merger between Skydance Media and Paramount Global, which closed in August.
Additional worldwide job cuts are anticipated, with the company aiming to disclose full particulars in its third quarter earnings report on November 10, the report added.
Paramount Skydance will start mass layoffs the week of October 27, eliminating round 2,000 U.S. jobs following their $8.4 billion merger. REUTERS
The cuts are a half of a $2 billion plan underneath new CEO David Ellison. Gregory Pace/Shutterstock
Variety had reported on August 22 that Paramount was trying to cut between 2,000 and three,000 jobs by early November.
A Paramount brand is proven on the highest of a building in Hollywood earlier than the Paramount Global $8.4 billion merger with Skydance Media in Aug. 2025. REUTERS
As of December 2024, Paramount had almost 18,600 full- and part-time staff, and three,500 project-based employees.
Paramount Skydance didn’t instantly reply to a Reuters request for remark. Reuters couldn’t instantly confirm the report.
