Paramount Skydance Plans to Eliminate Nearly 2,000 United States Roles – Update
Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, cutting about 2,000 US jobs as part of a budget-saving initiative worth $2bn led by new chief executive David Ellison.
The workforce reduction follow the combination between Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
Further international job cuts are expected, as the firm planning to disclose full details via its Q3 financial results set for the 10th of November.
Prior news suggested that Paramount planned to eliminate from 2,000 to 3,000 jobs by the beginning of next month.
By December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The organization has not yet commented regarding the report.
