Skydance Paramount Set to Eliminate Around 2,000 US Jobs – News
Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, cutting about 2,000 US jobs within a expense reduction strategy worth $2bn led by top executive David Ellison.
The workforce reduction follow the union of Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
Further overseas workforce reductions are anticipated, with Paramount Skydance planning to disclose complete information via its third quarter earnings report scheduled for November 10.
Prior news had indicated that Paramount planned to cut from 2,000 and 3,000 jobs by early November.
Until December 2024, the company employed nearly 18,600 full- and part-time employees and 3,500 contract workers.
The company did not immediately respond to a request for comment.
