Paramount Skydance Set to Cut Nearly 2,000 US Jobs – Report
Paramount Skydance will initiate significant workforce reductions beginning on 27 October, removing approximately 2,000 American roles under a expense reduction strategy totaling $2bn under top executive David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, completed in August valued at $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance intending to reveal full details during its Q3 financial results scheduled for November 10.
Previous updates had indicated that Paramount aimed to cut from 2,000 to 3,000 roles by early November.
As of December 2024, the organization had about 18,600 permanent and temporary staff along with 3,500 project-based staff.
The company has not provided a response regarding the report.
