Paramount Skydance Plans to Cut Around 2,000 American Positions – Report
Paramount Skydance plans to begin large-scale job cuts beginning on 27 October, cutting about 2,000 US jobs as part of a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Additional global layoffs are likely, with Paramount Skydance planning to reveal complete information in its Q3 financial results on 10 November.
Earlier reports stated the company aimed to eliminate from 2,000 and 3,000 jobs before the start of November.
As of December 2024, the organization had almost 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The organization has not provided a response regarding the report.
