Paramount Skydance plans to start mass layoffs the week of 27 October, cutting about 2,000 positions in the United States within a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional overseas workforce reductions are expected, with the company intending to disclose complete information in its third quarter earnings report set for the 10th of November.
Earlier reports suggested the firm was looking to reduce between 2,000 to 3,000 jobs by early November.
Until December 2024, the company retained almost 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance has not provided a response on the matter.
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