Skydance Paramount Plans to Eliminate Around 2,000 American Positions – Update
Skydance Paramount is scheduled to begin large-scale job cuts the week of 27 October, cutting nearly 2,000 positions in the United States within a expense reduction strategy totaling $2bn led by CEO David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, completed this past August worth $8.4bn.
Further overseas workforce reductions are anticipated, with the company aiming to announce full details via its Q3 financial results scheduled for November 10.
Prior news had indicated the company planned to eliminate from 2,000 to 3,000 positions by the beginning of next month.
Until December 2024, the organization retained about 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The organization did not immediately respond regarding the report.
