Paramount Skydance Set to Remove Approximately 2,000 American Positions – News
Paramount Skydance plans to begin large-scale job cuts the week of 27 October, removing about 2,000 American roles as part of a expense reduction strategy valued at $2bn led by CEO David Ellison.
The workforce reduction come after the union between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Further overseas workforce reductions are likely, as the firm planning to reveal all specifics in its third quarter earnings report set for the 10th of November.
Previous updates had indicated that Paramount aimed to reduce between 2,000 to 3,000 jobs before the start of November.
Until December 2024, the organization employed about 18,600 full- and part-time employees and 3,500 contract workers.
Paramount Skydance has not yet commented to a request for comment.
