Skydance Paramount Will Eliminate Approximately 2,000 American Positions – Report
Skydance Paramount plans to begin significant workforce reductions the week of 27 October, cutting approximately 2,000 positions in the United States as part of a expense reduction strategy worth $2bn overseen by top executive David Ellison.
The workforce reduction are a result of the merger between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Further international job cuts are anticipated, as the firm aiming to disclose complete information during its Q3 financial results on 10 November.
Previous updates stated the company aimed to reduce between 2,000 and 3,000 jobs before the start of November.
As of December 2024, the organization retained nearly 18,600 full- and part-time employees plus 3,500 project-based staff.
The organization has not provided a response on the matter.
