Skydance Paramount Set to Remove Nearly 2,000 US Jobs – Update
Skydance Paramount is scheduled to start large-scale job cuts the week of 27 October, eliminating approximately 2,000 American roles within a cost-cutting plan worth $2bn under top executive David Ellison.
The workforce reduction come after the union of Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance planning to disclose all specifics in its third quarter earnings report scheduled for November 10.
Earlier reports had indicated the firm was looking to cut between 2,000 to 3,000 roles before the start of November.
Until December 2024, the company retained about 18,600 permanent and temporary staff along with 3,500 contract workers.
The organization has not provided a response to a request for comment.