Skydance Paramount Will Cut Nearly 2,000 United States Roles – News
Skydance Paramount will start significant workforce reductions beginning on 27 October, removing about 2,000 US jobs as part of a expense reduction strategy valued at $2bn led by CEO David Ellison.
These job cuts are a result of the combination of Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, as the firm planning to announce all specifics during its third quarter earnings report scheduled for November 10.
Prior news stated the company aimed to cut between 2,000 and 3,000 roles by early November.
Until December 2024, the company had nearly 18,600 permanent and temporary staff plus 3,500 contract workers.
Paramount Skydance did not immediately respond on the matter.
