Skydance Paramount Plans to Eliminate Nearly 2,000 American Positions – News
Skydance Paramount will begin significant workforce reductions beginning on 27 October, eliminating about 2,000 positions in the United States as part of a cost-cutting plan worth $2bn under CEO David Ellison.
The workforce reduction are a result of the combination of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More international job cuts are likely, as the firm intending to disclose complete information during its third-quarter financial update on 10 November.
Previous updates suggested that Paramount was looking to reduce between 2,000 to 3,000 positions before the start of November.
Until December 2024, Paramount had nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance has not provided a response regarding the report.
