Skydance Paramount Set to Remove Around 2,000 United States Roles – Report
Skydance Paramount is scheduled to start large-scale job cuts during the week starting 27 October, removing nearly 2,000 American roles within a expense reduction strategy totaling $2bn under new chief executive David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance intending to announce complete information during its third quarter earnings report set for the 10th of November.
Prior news suggested the company was looking to eliminate from 2,000 and 3,000 jobs by early November.
Until December 2024, the company employed nearly 18,600 full- and part-time employees plus 3,500 contract workers.
The organization has not provided a response to a request for comment.
