Skydance Paramount Set to Remove Nearly 2,000 American Positions – News
Skydance Paramount will start significant workforce reductions the week of 27 October, removing about 2,000 American roles under a cost-cutting plan totaling $2bn under CEO David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
More global layoffs are expected, with the company aiming to reveal all specifics in its Q3 financial results on 10 November.
Previous updates suggested the firm planned to cut from 2,000 to 3,000 jobs before the start of November.
As of December 2024, the organization had about 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The organization has not provided a response to a request for comment.
