Skydance Paramount Set to Cut Approximately 2,000 American Positions – Report
Skydance Paramount is scheduled to initiate large-scale job cuts beginning on 27 October, cutting about 2,000 positions in the United States within a cost-cutting plan worth $2bn under new chief executive David Ellison.
The workforce reduction are a result of the merger between Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance planning to reveal all specifics in its Q3 financial results scheduled for November 10.
Prior news stated that Paramount was looking to eliminate between 2,000 to 3,000 positions by early November.
Until December 2024, Paramount employed almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
Paramount Skydance has not provided a response to a request for comment.
