Paramount Skydance Plans to Eliminate Approximately 2,000 American Positions – Report
Skydance Paramount plans to initiate large-scale job cuts the week of 27 October, removing approximately 2,000 American roles within a cost-cutting plan totaling $2bn under top executive David Ellison.
The workforce reduction come after the union of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
More international job cuts are anticipated, with the company planning to reveal all specifics during its Q3 financial results on 10 November.
Prior news had indicated the company planned to eliminate between 2,000 and 3,000 positions by early November.
As of December 2024, the company employed about 18,600 full- and part-time employees plus 3,500 contract workers.
The company did not immediately respond regarding the report.
