Paramount Skydance Set to Eliminate Nearly 2,000 American Positions – Update
Skydance Paramount plans to begin significant workforce reductions the week of 27 October, eliminating nearly 2,000 American roles under a budget-saving initiative valued at $2bn led by new chief executive David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Additional international job cuts are likely, with the company aiming to announce full details via its Q3 financial results on 10 November.
Prior news had indicated the firm planned to cut between 2,000 and 3,000 positions by early November.
By December 2024, the organization employed about 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The company did not immediately respond regarding the report.
