Skydance Paramount Set to Eliminate Nearly 2,000 US Jobs – News
Skydance Paramount plans to begin significant workforce reductions during the week starting 27 October, cutting nearly 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn overseen by CEO David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with Paramount Skydance intending to disclose all specifics in its Q3 financial results on 10 November.
Prior news had indicated the firm was looking to reduce from 2,000 and 3,000 positions by early November.
By December 2024, the organization retained nearly 18,600 full- and part-time employees along with 3,500 contract workers.
Paramount Skydance has not provided a response on the matter.
