Paramount Skydance Plans to Cut Nearly 2,000 American Positions – News
Paramount Skydance plans to start significant workforce reductions beginning on 27 October, cutting nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn under CEO David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
More global layoffs are likely, with the company planning to reveal all specifics via its Q3 financial results on 10 November.
Prior news stated that Paramount aimed to cut from 2,000 to 3,000 roles by the beginning of next month.
As of December 2024, the company employed nearly 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The company did not immediately respond regarding the report.
