Skydance Paramount Set to Eliminate Approximately 2,000 US Jobs – Update
Paramount Skydance will begin significant workforce reductions beginning on 27 October, removing about 2,000 positions in the United States as part of a cost-cutting plan valued at $2bn led by top executive David Ellison.
These job cuts follow the combination between Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
More global layoffs are anticipated, with the company aiming to announce full details via its third quarter earnings report scheduled for November 10.
Earlier reports had indicated the company planned to eliminate from 2,000 and 3,000 jobs before the start of November.
As of December 2024, Paramount employed almost 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The company has not provided a response regarding the report.
