Paramount Skydance Will Cut Around 2,000 United States Roles – Update
Skydance Paramount is scheduled to start significant workforce reductions the week of 27 October, eliminating nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn under top executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, completed in August worth $8.4bn.
Further overseas workforce reductions are likely, with the company planning to reveal all specifics during its third-quarter financial update scheduled for November 10.
Earlier reports had indicated the company planned to cut between 2,000 to 3,000 jobs before the start of November.
Until December 2024, the company employed nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance did not immediately respond on the matter.