Paramount Skydance to eliminate 2,000 US jobs – report

Layoffs follow $8.4bn merger between Skydance Media and Paramount Global in August

Paramount Skydance will begin mass layoffs the week of 27 October, eliminating about 2,000 US jobs as part of a $2bn cost-cutting plan under new chief executive David Ellison, Variety reported on Saturday.

The layoffs follow the $8.4bn merger between Skydance Media and Paramount Global, which closed in August.

Additional international job cuts are expected, with the company aiming to disclose full details in its third quarter earnings report on 10 November, the report added.

Variety had reported on 22 August that Paramount was looking to cut between 2,000 and 3,000 jobs by early November.

Paramount Skydance to eliminate 2,000 US jobs – report

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