Paramount Skydance Set to Cut Approximately 2,000 American Positions – News
Skydance Paramount is scheduled to initiate large-scale job cuts beginning on 27 October, removing about 2,000 positions in the United States as part of a cost-cutting plan valued at $2bn overseen by top executive David Ellison.
These job cuts come after the combination between Skydance Media and Paramount Global, which closed this past August worth $8.4bn.
Additional overseas workforce reductions are anticipated, with Paramount Skydance intending to announce all specifics in its third quarter earnings report scheduled for November 10.
Earlier reports suggested the company was looking to cut from 2,000 to 3,000 positions before the start of November.
By December 2024, Paramount employed almost 18,600 permanent and temporary staff plus 3,500 temporary project employees.
Paramount Skydance has not provided a response on the matter.
