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Paramount Skydance Plans to Cut Around 2,000 American Positions – Update
Paramount Skydance plans to start large-scale job cuts beginning on 27 October, removing about 2,000 positions in the United States as part of a budget-saving initiative totaling $2bn under new chief executive David Ellison.
The workforce reduction come after the merger of Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance planning to disclose all specifics in its third-quarter financial update scheduled for November 10.
Prior news had indicated the firm planned to cut from 2,000 and 3,000 roles by early November.
By December 2024, the organization retained almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not provided a response regarding the report.
Brian Hernandez
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