Paramount Skydance Will Cut Around 2,000 US Jobs – Report
Skydance Paramount plans to start significant workforce reductions beginning on 27 October, eliminating about 2,000 positions in the United States under a cost-cutting plan valued at $2bn under CEO David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Further international job cuts are expected, with the company aiming to disclose complete information during its third-quarter financial update scheduled for November 10.
Earlier reports stated the firm was looking to reduce between 2,000 to 3,000 positions by the beginning of next month.
As of December 2024, the organization employed almost 18,600 permanent and temporary staff plus 3,500 contract workers.
The company has not provided a response on the matter.
