Paramount Skydance Plans to Eliminate Nearly 2,000 American Positions – Report
Paramount Skydance plans to begin significant workforce reductions during the week starting 27 October, removing nearly 2,000 positions in the United States within a cost-cutting plan worth $2bn overseen by CEO David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
More global layoffs are anticipated, as the firm intending to reveal all specifics in its third quarter earnings report set for the 10th of November.
Previous updates stated the company planned to eliminate from 2,000 to 3,000 roles by the beginning of next month.
By December 2024, Paramount had nearly 18,600 full- and part-time employees plus 3,500 contract workers.
Paramount Skydance did not immediately respond to a request for comment.
