Skydance Paramount Set to Remove Approximately 2,000 US Jobs – Report
Skydance Paramount plans to start large-scale job cuts during the week starting 27 October, eliminating about 2,000 positions in the United States as part of a budget-saving initiative worth $2bn overseen by new chief executive David Ellison.
The workforce reduction are a result of the combination between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
More international job cuts are likely, with Paramount Skydance aiming to reveal all specifics in its third quarter earnings report set for the 10th of November.
Previous updates suggested the company planned to cut between 2,000 to 3,000 positions before the start of November.
As of December 2024, Paramount retained nearly 18,600 full- and part-time employees and 3,500 temporary project employees.
The company has not provided a response to a request for comment.
