Paramount Skydance Plans to Remove Nearly 2,000 United States Roles – Report
Paramount Skydance is scheduled to begin significant workforce reductions beginning on 27 October, cutting about 2,000 US jobs within a cost-cutting plan totaling $2bn overseen by CEO David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
Further international job cuts are likely, with Paramount Skydance aiming to announce all specifics in its Q3 financial results scheduled for November 10.
Earlier reports stated that Paramount aimed to reduce between 2,000 and 3,000 jobs before the start of November.
As of December 2024, the organization retained nearly 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
Paramount Skydance has not provided a response on the matter.
