Skydance Paramount Plans to Cut Nearly 2,000 American Positions – News
Skydance Paramount plans to start large-scale job cuts beginning on 27 October, removing approximately 2,000 positions in the United States under a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
The workforce reduction come after the union between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
More international job cuts are anticipated, as the firm planning to reveal full details in its third-quarter financial update set for the 10th of November.
Prior news had indicated the company aimed to reduce from 2,000 and 3,000 roles before the start of November.
As of December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The company did not immediately respond to a request for comment.
