Skydance Paramount Will Eliminate Around 2,000 United States Roles – Update
Skydance Paramount is scheduled to initiate large-scale job cuts beginning on 27 October, removing nearly 2,000 American roles within a budget-saving initiative valued at $2bn under top executive David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, completed this past August worth $8.4bn.
Further overseas workforce reductions are anticipated, with Paramount Skydance intending to announce complete information in its third quarter earnings report on 10 November.
Earlier reports suggested the firm was looking to reduce between 2,000 to 3,000 jobs by the beginning of next month.
Until December 2024, the organization had almost 18,600 permanent and temporary staff along with 3,500 temporary project employees.
Paramount Skydance has not yet commented on the matter.
