Skydance Paramount Set to Remove Nearly 2,000 United States Roles – Report
Skydance Paramount will begin significant workforce reductions during the week starting 27 October, cutting about 2,000 American roles within a budget-saving initiative valued at $2bn under new chief executive David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
More overseas workforce reductions are expected, as the firm aiming to reveal full details during its third-quarter financial update on 10 November.
Earlier reports suggested the firm was looking to cut between 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, Paramount had about 18,600 permanent and temporary staff along with 3,500 contract workers.
The organization did not immediately respond to a request for comment.
