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Skydance Paramount Plans to Eliminate Approximately 2,000 United States Roles – Report
Skydance Paramount is scheduled to start significant workforce reductions beginning on 27 October, removing approximately 2,000 US jobs as part of a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
More global layoffs are expected, with Paramount Skydance planning to reveal full details in its third-quarter financial update on 10 November.
Earlier reports had indicated the company aimed to eliminate from 2,000 to 3,000 positions before the start of November.
As of December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The company has not yet commented on the matter.
Joshua Tucker
Lena Hoffmann is a seasoned journalist with a passion for uncovering stories that matter, specializing in German current affairs and digital media trends.
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