Paramount Skydance Plans to Cut Around 2,000 American Positions – Update
Paramount Skydance will begin significant workforce reductions beginning on 27 October, eliminating nearly 2,000 American roles under a expense reduction strategy worth $2bn under top executive David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
Further international job cuts are expected, with the company intending to reveal full details in its third quarter earnings report scheduled for November 10.
Prior news had indicated that Paramount planned to eliminate between 2,000 to 3,000 positions by the beginning of next month.
Until December 2024, the organization retained nearly 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
Paramount Skydance has not yet commented regarding the report.
