Skydance Paramount Set to Remove Around 2,000 American Positions – Report
Paramount Skydance will start large-scale job cuts during the week starting 27 October, eliminating about 2,000 positions in the United States within a budget-saving initiative totaling $2bn under top executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, completed this past August worth $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance intending to reveal all specifics in its Q3 financial results scheduled for November 10.
Prior news stated that Paramount planned to reduce from 2,000 and 3,000 jobs by the beginning of next month.
By December 2024, the company retained nearly 18,600 full- and part-time employees and 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.