Paramount Skydance Plans to Cut Around 2,000 US Jobs – Update
Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, eliminating approximately 2,000 positions in the United States under a cost-cutting plan totaling $2bn overseen by CEO David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, which closed in August worth $8.4bn.
More international job cuts are likely, as the firm planning to disclose all specifics via its third quarter earnings report on 10 November.
Prior news had indicated the company aimed to cut from 2,000 to 3,000 positions by early November.
As of December 2024, the organization had nearly 18,600 permanent and temporary staff and 3,500 contract workers.
Paramount Skydance has not provided a response to a request for comment.
