Skydance Paramount Set to Cut Approximately 2,000 United States Roles – News
Skydance Paramount will start significant workforce reductions beginning on 27 October, eliminating approximately 2,000 positions in the United States within a budget-saving initiative worth $2bn under top executive David Ellison.
The workforce reduction come after the merger of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Additional overseas workforce reductions are likely, with the company intending to reveal full details in its Q3 financial results on 10 November.
Earlier reports stated that Paramount aimed to cut from 2,000 to 3,000 positions by the beginning of next month.
As of December 2024, Paramount retained about 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
The organization has not yet commented on the matter.
