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Paramount Skydance Will Remove Around 2,000 United States Roles – Update
Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, removing approximately 2,000 American roles under a budget-saving initiative valued at $2bn overseen by top executive David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, completed during August worth $8.4bn.
Additional global layoffs are expected, with the company intending to disclose all specifics via its Q3 financial results scheduled for November 10.
Prior news had indicated that Paramount was looking to reduce between 2,000 and 3,000 roles before the start of November.
Until December 2024, Paramount employed about 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
Paramount Skydance did not immediately respond regarding the report.
Andre Munoz
A passionate gaming enthusiast and expert reviewer with years of experience in the online casino industry.
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