Skydance Paramount Will Eliminate Approximately 2,000 US Jobs – News
Skydance Paramount plans to begin significant workforce reductions the week of 27 October, removing about 2,000 US jobs within a cost-cutting plan totaling $2bn led by new chief executive David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, completed this past August worth $8.4bn.
Additional overseas workforce reductions are likely, with the company aiming to disclose complete information via its third quarter earnings report set for the 10th of November.
Previous updates stated the company planned to cut from 2,000 to 3,000 positions by early November.
As of December 2024, Paramount employed about 18,600 full- and part-time employees plus 3,500 contract workers.
Paramount Skydance has not yet commented on the matter.