Paramount Skydance Will Eliminate Around 2,000 American Positions – Report
Paramount Skydance will initiate large-scale job cuts during the week starting 27 October, removing nearly 2,000 positions in the United States under a expense reduction strategy worth $2bn under CEO David Ellison.
The workforce reduction come after the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance planning to disclose complete information in its Q3 financial results scheduled for November 10.
Prior news stated the firm aimed to cut from 2,000 and 3,000 positions before the start of November.
Until December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The organization has not yet commented on the matter.
