Paramount Skydance Set to Eliminate Approximately 2,000 American Positions – Report
Paramount Skydance plans to start large-scale job cuts beginning on 27 October, cutting nearly 2,000 positions in the United States as part of a budget-saving initiative worth $2bn overseen by top executive David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
More international job cuts are anticipated, with Paramount Skydance intending to announce all specifics in its third quarter earnings report on 10 November.
Prior news suggested the firm aimed to eliminate from 2,000 and 3,000 jobs before the start of November.
Until December 2024, the company had nearly 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The company did not immediately respond to a request for comment.
