Skydance Paramount Set to Eliminate Around 2,000 American Positions – News
Paramount Skydance plans to start significant workforce reductions during the week starting 27 October, cutting approximately 2,000 positions in the United States under a expense reduction strategy worth $2bn led by CEO David Ellison.
The workforce reduction come after the union between Skydance Media and Paramount Global, completed in August worth $8.4bn.
Additional international job cuts are likely, with Paramount Skydance planning to reveal all specifics via its third quarter earnings report on 10 November.
Previous updates stated the company planned to reduce between 2,000 and 3,000 jobs by the beginning of next month.
Until December 2024, the organization retained almost 18,600 full- and part-time employees plus 3,500 temporary project employees.
The organization has not provided a response regarding the report.
