Skydance Paramount Plans to Eliminate Approximately 2,000 US Jobs – Report
Skydance Paramount is scheduled to begin large-scale job cuts beginning on 27 October, cutting nearly 2,000 positions in the United States within a expense reduction strategy valued at $2bn overseen by CEO David Ellison.
The workforce reduction are a result of the combination between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Further international job cuts are anticipated, with Paramount Skydance intending to disclose all specifics during its third-quarter financial update set for the 10th of November.
Prior news stated the firm planned to reduce from 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, the organization had about 18,600 permanent and temporary staff and 3,500 temporary project employees.
Paramount Skydance did not immediately respond on the matter.
