Skydance Paramount Will Eliminate Approximately 2,000 US Jobs – Report
Skydance Paramount is scheduled to initiate significant workforce reductions beginning on 27 October, removing about 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn overseen by top executive David Ellison.
These job cuts come after the union of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with Paramount Skydance aiming to announce complete information via its third-quarter financial update scheduled for November 10.
Prior news stated the company was looking to reduce from 2,000 to 3,000 jobs before the start of November.
As of December 2024, the company had 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.
