Paramount Skydance Set to Eliminate Around 2,000 United States Roles – Report
Paramount Skydance is scheduled to initiate large-scale job cuts during the week starting 27 October, eliminating nearly 2,000 positions in the United States within a cost-cutting plan worth $2bn led by CEO David Ellison.
The workforce reduction come after the combination between Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance intending to announce all specifics during its third quarter earnings report set for the 10th of November.
Earlier reports suggested the firm aimed to cut between 2,000 to 3,000 positions by the beginning of next month.
As of December 2024, Paramount had about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
Paramount Skydance has not yet commented regarding the report.
