Skydance Paramount Set to Eliminate Around 2,000 American Positions – News
Skydance Paramount plans to start large-scale job cuts during the week starting 27 October, cutting nearly 2,000 US jobs within a budget-saving initiative totaling $2bn under top executive David Ellison.
These job cuts are a result of the union between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
More international job cuts are expected, as the firm planning to announce full details in its third quarter earnings report set for the 10th of November.
Previous updates stated that Paramount planned to cut from 2,000 and 3,000 roles by early November.
As of December 2024, the organization had nearly 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
Paramount Skydance did not immediately respond on the matter.
