Skydance Paramount Will Cut Around 2,000 American Positions – Update
Skydance Paramount plans to initiate significant workforce reductions beginning on 27 October, removing about 2,000 US jobs as part of a cost-cutting plan totaling $2bn overseen by new chief executive David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance aiming to reveal full details via its third-quarter financial update on 10 November.
Earlier reports suggested the company planned to eliminate from 2,000 to 3,000 jobs by early November.
By December 2024, the company employed almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
Paramount Skydance has not provided a response regarding the report.
