Paramount Skydance Will Eliminate Nearly 2,000 American Positions – News

Paramount Skydance is scheduled to begin large-scale job cuts beginning on 27 October, cutting nearly 2,000 positions in the United States within a expense reduction strategy valued at $2bn overseen by CEO David Ellison.

The workforce reduction come after the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.

Additional international job cuts are expected, with the company intending to reveal all specifics during its third-quarter financial update on 10 November.

Previous updates stated that Paramount was looking to cut between 2,000 and 3,000 roles by early November.

By December 2024, the organization employed nearly 18,600 full- and part-time employees plus 3,500 project-based staff.

Paramount Skydance has not yet commented on the matter.

Gregory White
Gregory White

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