Paramount Skydance Plans to Eliminate Around 2,000 American Positions – Report
Paramount Skydance is scheduled to begin significant workforce reductions beginning on 27 October, removing about 2,000 positions in the United States under a cost-cutting plan valued at $2bn led by CEO David Ellison.
These job cuts are a result of the merger between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
More global layoffs are anticipated, with the company aiming to disclose complete information via its third quarter earnings report set for the 10th of November.
Prior news had indicated the company planned to cut between 2,000 and 3,000 positions by early November.
As of December 2024, Paramount had about 18,600 full- and part-time employees and 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.
