Skydance Paramount Will Eliminate Around 2,000 American Positions – Report
Paramount Skydance plans to begin significant workforce reductions during the week starting 27 October, removing about 2,000 positions in the United States within a expense reduction strategy totaling $2bn under CEO David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Further international job cuts are likely, with the company planning to disclose complete information during its third-quarter financial update set for the 10th of November.
Earlier reports stated that Paramount planned to eliminate between 2,000 and 3,000 positions by early November.
Until December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
Paramount Skydance has not provided a response regarding the report.
