Skydance Paramount Will Cut Nearly 2,000 American Positions – Report
Paramount Skydance plans to initiate significant workforce reductions the week of 27 October, eliminating approximately 2,000 US jobs under a expense reduction strategy totaling $2bn led by top executive David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance aiming to announce full details in its Q3 financial results scheduled for November 10.
Prior news had indicated that Paramount planned to cut from 2,000 and 3,000 positions before the start of November.
Until December 2024, the organization employed about 18,600 full- and part-time employees along with 3,500 contract workers.
The organization has not yet commented regarding the report.
