Paramount Skydance Set to Eliminate Approximately 2,000 US Jobs – Update
Paramount Skydance will initiate significant workforce reductions the week of 27 October, removing nearly 2,000 positions in the United States within a expense reduction strategy totaling $2bn overseen by new chief executive David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional global layoffs are anticipated, with the company intending to reveal all specifics via its third-quarter financial update on 10 November.
Previous updates had indicated the firm was looking to cut between 2,000 to 3,000 roles by early November.
As of December 2024, Paramount employed almost 18,600 full- and part-time employees along with 3,500 contract workers.
The organization has not provided a response on the matter.
