Paramount Skydance Will Eliminate Nearly 2,000 United States Roles – Report
Paramount Skydance plans to start significant workforce reductions during the week starting 27 October, eliminating nearly 2,000 American roles as part of a expense reduction strategy worth $2bn led by top executive David Ellison.
The workforce reduction are a result of the union of Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
More international job cuts are likely, as the firm planning to announce all specifics in its third-quarter financial update scheduled for November 10.
Prior news had indicated the firm aimed to cut between 2,000 and 3,000 jobs by early November.
By December 2024, the organization had about 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not yet commented on the matter.
