Skydance Paramount Set to Remove Around 2,000 United States Roles – Report
Paramount Skydance will initiate large-scale job cuts during the week starting 27 October, removing about 2,000 American roles as part of a cost-cutting plan valued at $2bn overseen by CEO David Ellison.
The workforce reduction come after the combination between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
More overseas workforce reductions are anticipated, with Paramount Skydance intending to disclose all specifics in its third quarter earnings report set for the 10th of November.
Prior news suggested the company planned to eliminate between 2,000 and 3,000 roles by early November.
Until December 2024, Paramount employed about 18,600 full- and part-time employees along with 3,500 project-based staff.
Paramount Skydance has not provided a response regarding the report.
