Skydance Paramount Set to Eliminate Approximately 2,000 American Positions – Update
Skydance Paramount is scheduled to start significant workforce reductions during the week starting 27 October, cutting about 2,000 American roles under a cost-cutting plan valued at $2bn under CEO David Ellison.
The workforce reduction follow the union between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Additional international job cuts are likely, with Paramount Skydance planning to announce all specifics via its third-quarter financial update scheduled for November 10.
Previous updates suggested the company planned to eliminate between 2,000 and 3,000 jobs by the beginning of next month.
Until December 2024, the organization had nearly 18,600 permanent and temporary staff along with 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.
