Paramount Skydance Plans to Cut Approximately 2,000 United States Roles – Report
Skydance Paramount is scheduled to start significant workforce reductions the week of 27 October, cutting approximately 2,000 American roles under a budget-saving initiative valued at $2bn under top executive David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More overseas workforce reductions are expected, as the firm aiming to reveal complete information during its Q3 financial results on 10 November.
Prior news had indicated that Paramount planned to cut between 2,000 to 3,000 roles before the start of November.
As of December 2024, the organization retained about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The company did not immediately respond regarding the report.
