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Skydance Paramount Plans to Eliminate Nearly 2,000 United States Roles – Report
Paramount Skydance plans to begin significant workforce reductions during the week starting 27 October, cutting nearly 2,000 US jobs under a budget-saving initiative totaling $2bn under new chief executive David Ellison.
The workforce reduction come after the union of Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Further international job cuts are anticipated, with Paramount Skydance intending to disclose full details via its Q3 financial results scheduled for November 10.
Earlier reports had indicated that Paramount aimed to cut between 2,000 and 3,000 positions by the beginning of next month.
By December 2024, the company employed almost 18,600 permanent and temporary staff plus 3,500 temporary project employees.
The company did not immediately respond regarding the report.
John Bell
Digital marketing specialist with over a decade of experience in SEO and content strategy, passionate about helping businesses grow online.
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