Skydance Paramount Set to Cut Nearly 2,000 US Jobs – Update
Skydance Paramount is scheduled to begin significant workforce reductions during the week starting 27 October, cutting about 2,000 American roles within a cost-cutting plan valued at $2bn led by CEO David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More international job cuts are likely, with the company planning to announce all specifics in its Q3 financial results set for the 10th of November.
Previous updates had indicated that Paramount was looking to cut from 2,000 to 3,000 positions by the beginning of next month.
Until December 2024, the organization retained nearly 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The company did not immediately respond to a request for comment.
