Skydance Paramount Will Eliminate Nearly 2,000 American Positions – Update
Skydance Paramount is scheduled to initiate significant workforce reductions the week of 27 October, removing nearly 2,000 US jobs within a cost-cutting plan valued at $2bn led by CEO David Ellison.
The workforce reduction come after the merger of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Further global layoffs are anticipated, with Paramount Skydance planning to disclose complete information in its third quarter earnings report set for the 10th of November.
Prior news suggested that Paramount was looking to eliminate between 2,000 and 3,000 positions by the beginning of next month.
By December 2024, the company had almost 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The company has not yet commented on the matter.
