Paramount Skydance Set to Remove Nearly 2,000 US Jobs – Report
Skydance Paramount will begin large-scale job cuts beginning on 27 October, eliminating about 2,000 American roles within a budget-saving initiative valued at $2bn overseen by top executive David Ellison.
These job cuts come after the combination between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance intending to disclose all specifics via its third-quarter financial update set for the 10th of November.
Earlier reports stated the company aimed to eliminate between 2,000 and 3,000 jobs before the start of November.
As of December 2024, Paramount retained nearly 18,600 permanent and temporary staff and 3,500 contract workers.
The company has not provided a response regarding the report.
