Paramount Skydance Set to Cut Approximately 2,000 American Positions – News
Paramount Skydance plans to initiate large-scale job cuts the week of 27 October, removing nearly 2,000 American roles as part of a cost-cutting plan valued at $2bn overseen by top executive David Ellison.
These job cuts follow the merger between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Further international job cuts are likely, with the company intending to announce all specifics in its third quarter earnings report on 10 November.
Previous updates suggested the company planned to reduce from 2,000 and 3,000 roles by early November.
As of December 2024, Paramount had about 18,600 full- and part-time employees along with 3,500 project-based staff.
The company has not yet commented regarding the report.
