Paramount Skydance Will Remove Around 2,000 American Positions – News
Skydance Paramount plans to begin large-scale job cuts during the week starting 27 October, removing nearly 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn overseen by top executive David Ellison.
These job cuts are a result of the union between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
Additional international job cuts are expected, with the company planning to announce complete information via its third quarter earnings report on 10 November.
Earlier reports had indicated that Paramount planned to cut from 2,000 and 3,000 roles by early November.
Until December 2024, the company had nearly 18,600 permanent and temporary staff along with 3,500 contract workers.
The company has not provided a response on the matter.
