Skydance Paramount Set to Remove Around 2,000 United States Roles – Update
Skydance Paramount plans to start large-scale job cuts during the week starting 27 October, cutting approximately 2,000 American roles under a budget-saving initiative totaling $2bn led by top executive David Ellison.
The workforce reduction are a result of the union of Skydance Media and Paramount Global, which closed this past August worth $8.4bn.
Further international job cuts are expected, with Paramount Skydance aiming to announce full details in its third quarter earnings report scheduled for November 10.
Prior news stated that Paramount was looking to eliminate from 2,000 and 3,000 positions by early November.
By December 2024, the organization employed about 18,600 permanent and temporary staff and 3,500 contract workers.
The company has not provided a response on the matter.
