Paramount Skydance Set to Cut Nearly 2,000 American Positions – News
Skydance Paramount plans to initiate significant workforce reductions beginning on 27 October, eliminating approximately 2,000 US jobs as part of a expense reduction strategy worth $2bn under CEO David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with the company intending to reveal full details during its Q3 financial results on 10 November.
Earlier reports stated the company was looking to eliminate between 2,000 and 3,000 jobs before the start of November.
By December 2024, the organization had about 18,600 full- and part-time employees along with 3,500 project-based staff.
The organization has not yet commented regarding the report.
