Skydance Paramount Will Eliminate Around 2,000 American Positions – Report
Paramount Skydance will initiate significant workforce reductions beginning on 27 October, eliminating approximately 2,000 US jobs under a expense reduction strategy valued at $2bn overseen by new chief executive David Ellison.
The layoffs are a result of the merger between Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Further international job cuts are anticipated, with the company aiming to announce complete information during its third quarter earnings report scheduled for November 10.
Prior news stated the firm planned to cut from 2,000 and 3,000 roles by early November.
Until December 2024, Paramount had almost 18,600 permanent and temporary staff plus 3,500 contract workers.
Paramount Skydance has not yet commented to a request for comment.
