Skydance Paramount Will Cut Around 2,000 United States Roles – Report
Paramount Skydance plans to start large-scale job cuts beginning on 27 October, removing about 2,000 positions in the United States as part of a cost-cutting plan valued at $2bn led by top executive David Ellison.
The workforce reduction follow the merger of Skydance Media and Paramount Global, completed in August worth $8.4bn.
Further overseas workforce reductions are expected, with Paramount Skydance intending to disclose all specifics via its third quarter earnings report set for the 10th of November.
Earlier reports suggested the firm aimed to eliminate from 2,000 and 3,000 positions before the start of November.
By December 2024, Paramount employed nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
The organization has not yet commented on the matter.
