Paramount Skydance Set to Cut Nearly 2,000 United States Roles – News
Paramount Skydance plans to begin large-scale job cuts during the week starting 27 October, cutting approximately 2,000 positions in the United States within a budget-saving initiative valued at $2bn under top executive David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
More international job cuts are anticipated, with the company planning to announce complete information in its third-quarter financial update scheduled for November 10.
Earlier reports suggested the firm was looking to cut between 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, the organization employed almost 18,600 permanent and temporary staff and 3,500 contract workers.
The organization has not yet commented to a request for comment.
