Skydance Paramount Will Remove Around 2,000 American Positions – Report
Paramount Skydance will start large-scale job cuts the week of 27 October, cutting nearly 2,000 positions in the United States as part of a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
The layoffs follow the union between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Further overseas workforce reductions are likely, with Paramount Skydance aiming to announce full details in its Q3 financial results set for the 10th of November.
Prior news suggested the company aimed to eliminate from 2,000 and 3,000 positions by early November.
Until December 2024, the company employed about 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The company has not yet commented on the matter.
