Skydance Paramount Will Remove Around 2,000 United States Roles – Report
Skydance Paramount plans to start large-scale job cuts beginning on 27 October, cutting nearly 2,000 American roles within a expense reduction strategy worth $2bn under top executive David Ellison.
The workforce reduction are a result of the union between Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
Additional overseas workforce reductions are likely, with the company planning to announce all specifics via its Q3 financial results on 10 November.
Previous updates stated the company aimed to cut between 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the company had almost 18,600 full- and part-time employees plus 3,500 project-based staff.
The organization has not provided a response on the matter.
