Skydance Paramount Set to Remove Nearly 2,000 United States Roles – Report
Skydance Paramount will begin significant workforce reductions the week of 27 October, eliminating nearly 2,000 positions in the United States within a cost-cutting plan valued at $2bn led by top executive David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance intending to reveal all specifics during its third-quarter financial update on 10 November.
Previous updates stated the company aimed to cut from 2,000 and 3,000 jobs by early November.
By December 2024, Paramount employed nearly 18,600 permanent and temporary staff and 3,500 temporary project employees.
The company did not immediately respond regarding the report.
