Skydance Paramount Will Eliminate Approximately 2,000 United States Roles – Update
Paramount Skydance is scheduled to start significant workforce reductions beginning on 27 October, cutting about 2,000 positions in the United States under a budget-saving initiative worth $2bn led by top executive David Ellison.
These job cuts are a result of the merger between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Further international job cuts are expected, with the company aiming to reveal full details via its third-quarter financial update scheduled for November 10.
Previous updates had indicated the company planned to reduce from 2,000 and 3,000 positions before the start of November.
By December 2024, Paramount retained about 18,600 permanent and temporary staff plus 3,500 temporary project employees.
The organization has not provided a response on the matter.
