Skydance Paramount Will Remove Approximately 2,000 American Positions – News
Skydance Paramount will begin significant workforce reductions the week of 27 October, removing about 2,000 US jobs within a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
The workforce reduction are a result of the union between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Further global layoffs are expected, as the firm planning to announce complete information during its third-quarter financial update on 10 November.
Prior news suggested the company planned to cut between 2,000 and 3,000 roles by the beginning of next month.
As of December 2024, Paramount retained almost 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
Paramount Skydance has not provided a response on the matter.
