Paramount Skydance Plans to Remove Nearly 2,000 United States Roles – News
Skydance Paramount is scheduled to start large-scale job cuts beginning on 27 October, eliminating about 2,000 positions in the United States under a cost-cutting plan worth $2bn overseen by CEO David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
More international job cuts are likely, as the firm aiming to reveal all specifics in its third-quarter financial update scheduled for November 10.
Prior news had indicated the company planned to eliminate between 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the organization had about 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
Paramount Skydance has not yet commented to a request for comment.
