Skydance Paramount Will Remove Around 2,000 United States Roles – Update
Skydance Paramount will initiate significant workforce reductions the week of 27 October, removing approximately 2,000 US jobs within a cost-cutting plan worth $2bn under top executive David Ellison.
These job cuts are a result of the union between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Further international job cuts are expected, with Paramount Skydance aiming to announce all specifics in its third quarter earnings report set for the 10th of November.
Prior news suggested that Paramount was looking to reduce from 2,000 and 3,000 positions by early November.
By December 2024, Paramount employed almost 18,600 full- and part-time employees plus 3,500 temporary project employees.
The organization did not immediately respond to a request for comment.
