EXCLUSIVE: Paramount announced that their earnings call for Q3 results is on Nov. 10, and as such, it’s expected that the entertainment conglomerate is going to move up its reduction in force to the week of Oct. 27. This is according to sources.

Originally, layoffs were expected to begin in early November with 2,500-3,000 positions impacted. We understand for stateside employees that number could be around 2,000 with overseas cost savings still being calculated. Note, the pink-slipping in late October is only the first round with layoffs expected to continue until the end of the year.

The David Ellison-run corporation previously announced that it was eyeing about $2 billion in cost savings post-merger. Skydance ‘s purchase of Paramount closed on Aug. 7. Cuts are expected across thea

See Full Page