Paramount Skydance Plans to Eliminate Nearly 2,000 American Positions – Report
Paramount Skydance is scheduled to begin large-scale job cuts beginning on 27 October, removing nearly 2,000 US jobs as part of a expense reduction strategy valued at $2bn overseen by new chief executive David Ellison.
The workforce reduction follow the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Additional international job cuts are anticipated, as the firm planning to announce all specifics via its third quarter earnings report scheduled for November 10.
Prior news had indicated that Paramount was looking to eliminate from 2,000 and 3,000 positions by early November.
Until December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The company has not provided a response regarding the report.
