Skydance Paramount Will Cut Nearly 2,000 US Jobs – News
Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, eliminating nearly 2,000 US jobs as part of a cost-cutting plan worth $2bn led by CEO David Ellison.
The workforce reduction come after the merger between Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance aiming to reveal full details via its third-quarter financial update set for the 10th of November.
Previous updates stated the company planned to cut between 2,000 to 3,000 roles before the start of November.
By December 2024, the organization retained almost 18,600 permanent and temporary staff plus 3,500 contract workers.
The organization did not immediately respond to a request for comment.
