Skydance Paramount Set to Eliminate Around 2,000 United States Roles – News
Skydance Paramount will initiate significant workforce reductions the week of 27 October, eliminating nearly 2,000 US jobs under a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
The layoffs follow the combination between Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
Additional international job cuts are anticipated, as the firm aiming to announce full details in its Q3 financial results scheduled for November 10.
Prior news stated that Paramount planned to reduce between 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts plus 3,500 contract workers.
The company has not provided a response to a request for comment.
