Skydance Paramount Set to Eliminate Approximately 2,000 American Positions – News
Skydance Paramount will start significant workforce reductions during the week starting 27 October, removing nearly 2,000 positions in the United States within a budget-saving initiative totaling $2bn under CEO David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, completed during August worth $8.4bn.
More international job cuts are likely, with Paramount Skydance intending to announce full details via its third quarter earnings report scheduled for November 10.
Prior news stated the company planned to reduce from 2,000 to 3,000 jobs by the beginning of next month.
By December 2024, Paramount employed nearly 18,600 permanent and temporary staff along with 3,500 temporary project employees.
The organization has not provided a response to a request for comment.
