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Paramount Skydance Will Eliminate Around 2,000 US Jobs – Update
Skydance Paramount is scheduled to initiate mass layoffs during the week starting 27 October, cutting nearly 2,000 US jobs within a cost-cutting plan worth $2bn led by CEO David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance planning to reveal all specifics via its third-quarter financial update set for the 10th of November.
Previous updates stated that Paramount was looking to eliminate between 2,000 to 3,000 roles before the start of November.
As of December 2024, Paramount had about 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
Paramount Skydance has not yet commented regarding the report.
Linda Gomez
A tech enthusiast and writer passionate about emerging technologies and digital transformation.
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