Skydance Paramount Plans to Remove Approximately 2,000 American Positions – Report
Skydance Paramount will start significant workforce reductions the week of 27 October, cutting nearly 2,000 positions in the United States within a budget-saving initiative totaling $2bn under top executive David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
Additional international job cuts are likely, as the firm aiming to disclose all specifics during its Q3 financial results set for the 10th of November.
Prior news had indicated that Paramount planned to eliminate between 2,000 to 3,000 jobs by early November.
By December 2024, the company employed about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization did not immediately respond to a request for comment.
