Skydance Paramount Set to Cut Nearly 2,000 American Positions – Update
Paramount Skydance plans to initiate significant workforce reductions beginning on 27 October, cutting about 2,000 positions in the United States under a cost-cutting plan totaling $2bn under top executive David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
More international job cuts are anticipated, with the company intending to reveal all specifics via its third-quarter financial update scheduled for November 10.
Previous updates suggested the company aimed to reduce from 2,000 to 3,000 jobs before the start of November.
Until December 2024, the organization employed about 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
Paramount Skydance did not immediately respond on the matter.
