Skydance Paramount Plans to Remove Nearly 2,000 US Jobs – Report
Skydance Paramount plans to initiate significant workforce reductions the week of 27 October, eliminating nearly 2,000 American roles under a budget-saving initiative worth $2bn overseen by top executive David Ellison.
The workforce reduction follow the union between Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
Further global layoffs are expected, as the firm planning to announce full details via its third-quarter financial update scheduled for November 10.
Previous updates stated the company planned to cut between 2,000 and 3,000 roles before the start of November.
By December 2024, Paramount had nearly 18,600 permanent and temporary staff plus 3,500 temporary project employees.
Paramount Skydance did not immediately respond regarding the report.
