Skydance Paramount Will Cut Nearly 2,000 US Jobs – Report
Skydance Paramount plans to start significant workforce reductions beginning on 27 October, cutting approximately 2,000 positions in the United States as part of a expense reduction strategy worth $2bn under new chief executive David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
More international job cuts are anticipated, as the firm aiming to disclose complete information during its third-quarter financial update set for the 10th of November.
Earlier reports suggested the company planned to eliminate from 2,000 to 3,000 jobs by early November.
By December 2024, the company had about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
Paramount Skydance did not immediately respond regarding the report.
