Paramount Skydance Plans to Remove Approximately 2,000 American Positions – News
Paramount Skydance plans to begin significant workforce reductions the week of 27 October, removing nearly 2,000 American roles within a cost-cutting plan worth $2bn under new chief executive David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance aiming to reveal full details via its third quarter earnings report set for the 10th of November.
Prior news stated that Paramount planned to cut from 2,000 to 3,000 positions by early November.
By December 2024, the organization had about 18,600 permanent and temporary staff plus 3,500 project-based staff.
The organization has not provided a response to a request for comment.
