Skydance Paramount Will Cut Around 2,000 US Jobs – Report
Skydance Paramount is scheduled to start large-scale job cuts beginning on 27 October, cutting approximately 2,000 American roles as part of a budget-saving initiative worth $2bn led by top executive David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.
Further overseas workforce reductions are expected, with Paramount Skydance intending to disclose full details during its third-quarter financial update scheduled for November 10.
Prior news suggested that Paramount planned to reduce from 2,000 and 3,000 jobs by early November.
As of December 2024, Paramount employed nearly 18,600 permanent and temporary staff along with 3,500 temporary project employees.
The organization has not provided a response regarding the report.
