Paramount Job Cuts Coming Earlier Than Expected

Paramount Skydance to cut 2,000 jobs starting final week of October: report

Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs following their $8.4 billion merger.

Paramount Skydance to eliminate 2,000 US jobs – report

Layoffs follow $8.4bn merger between Skydance Media and Paramount Global in AugustParamount 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. Continue reading...

Paramount Skydance Mass Layoffs to Start Week of Oct. 27

Paramount Skydance employees are facing a broad across-the-board culling under David Ellison’s new management regime the week of Oct. 27, Variety has confirmed. Major job cuts have been expected even before the Skydance Media-Paramount Global deal closed, as part of Ellison and his team’s goal of slashing upwards of $2 billion in costs. Previously, the company had been targeting layoffs by early November. The new round of cuts is expected to e…

Paramount Job Cuts Coming Earlier Than Expected

EXCLUSIVE: Paramount has announced that its earnings call to discuss the company’s Q3 results will be on November 10. As such, it’s expected that the entertainment conglomerate will move up its reduction in force to the week of October 27. This is according to sources. Originally, Paramount layoffs were expected to begin in early November, with 2,500-3,000 positions impacted. We understand that for stateside employees that number could be arou…