Paramount Skydance Set to Cut Nearly 2,000 American Positions – Update
Skydance Paramount will start large-scale job cuts the week of 27 October, removing approximately 2,000 US jobs under a cost-cutting plan valued at $2bn led by CEO David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Further international job cuts are likely, with the company aiming to reveal full details via its Q3 financial results on 10 November.
Prior news suggested that Paramount was looking to eliminate from 2,000 and 3,000 roles before the start of November.
As of December 2024, Paramount had nearly 18,600 full- and part-time employees along with 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.
