Skydance Paramount Set to Eliminate Approximately 2,000 United States Roles – Report
Skydance Paramount is scheduled to start large-scale job cuts the week of 27 October, removing nearly 2,000 American roles as part of a budget-saving initiative valued at $2bn led by top executive David Ellison.
The workforce reduction come after the combination of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Further international job cuts are expected, with Paramount Skydance intending to reveal all specifics in its Q3 financial results scheduled for November 10.
Previous updates had indicated the company planned to cut from 2,000 to 3,000 roles by early November.
As of December 2024, the company employed nearly 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The company has not provided a response to a request for comment.
