Skydance Paramount Will Cut Approximately 2,000 US Jobs – Report
Paramount Skydance plans to begin significant workforce reductions beginning on 27 October, removing about 2,000 American roles as part of a cost-cutting plan worth $2bn under top executive David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with the company aiming to announce full details during its third quarter earnings report scheduled for November 10.
Earlier reports stated the firm planned to eliminate between 2,000 to 3,000 jobs by the beginning of next month.
Until December 2024, the organization employed about 18,600 full- and part-time employees along with 3,500 temporary project employees.
The company has not provided a response regarding the report.
