Skydance Paramount Plans to Remove Approximately 2,000 American Positions – News
Paramount Skydance is scheduled to start significant workforce reductions the week of 27 October, eliminating approximately 2,000 American roles within a budget-saving initiative valued at $2bn under new chief executive David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, completed during August worth $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance intending to disclose all specifics via its third-quarter financial update scheduled for November 10.
Previous updates suggested the firm aimed to reduce between 2,000 and 3,000 jobs by the beginning of next month.
As of December 2024, Paramount retained about 18,600 permanent and temporary staff along with 3,500 temporary project employees.
The company has not provided a response on the matter.
