Skydance Paramount Will Cut Approximately 2,000 American Positions – Report
Paramount Skydance is scheduled to begin significant workforce reductions beginning on 27 October, eliminating nearly 2,000 US jobs under a expense reduction strategy totaling $2bn under top executive David Ellison.
The workforce reduction are a result of the union between Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
More overseas workforce reductions are expected, as the firm aiming to announce full details during its third-quarter financial update on 10 November.
Previous updates stated that Paramount planned to cut from 2,000 and 3,000 positions before the start of November.
Until December 2024, the organization had almost 18,600 permanent and temporary staff and 3,500 project-based staff.
The company has not provided a response regarding the report.
