Paramount Skydance Will Eliminate Nearly 2,000 United States Roles – Report
Skydance Paramount plans to start significant workforce reductions the week of 27 October, eliminating approximately 2,000 positions in the United States as part of a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
The workforce reduction follow the combination between Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Further overseas workforce reductions are anticipated, with Paramount Skydance aiming to reveal all specifics during its Q3 financial results set for the 10th of November.
Earlier reports stated that Paramount was looking to cut from 2,000 and 3,000 roles by the beginning of next month.
Until December 2024, Paramount employed almost 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
The organization did not immediately respond to a request for comment.
