Paramount Skydance Will Remove Nearly 2,000 US Jobs – Update
Skydance Paramount is scheduled to start significant workforce reductions during the week starting 27 October, removing approximately 2,000 American roles within a expense reduction strategy valued at $2bn under new chief executive David Ellison.
The workforce reduction are a result of the merger of Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
More international job cuts are likely, as the firm aiming to disclose complete information in its third quarter earnings report on 10 November.
Earlier reports had indicated that Paramount was looking to eliminate between 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, Paramount employed nearly 18,600 full- and part-time employees and 3,500 project-based staff.
Paramount Skydance has not provided a response on the matter.
