Skydance Paramount Will Eliminate Nearly 2,000 American Positions – Report
Skydance Paramount is scheduled to begin large-scale job cuts the week of 27 October, cutting about 2,000 positions in the United States as part of a expense reduction strategy worth $2bn led by top executive David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Further overseas workforce reductions are anticipated, with the company intending to disclose full details in its Q3 financial results on 10 November.
Prior news stated the company aimed to reduce from 2,000 to 3,000 positions by the beginning of next month.
As of December 2024, Paramount employed nearly 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The organization did not immediately respond to a request for comment.
