Paramount Skydance Plans to Remove Nearly 2,000 United States Roles – Update
Skydance Paramount plans to start large-scale job cuts during the week starting 27 October, cutting about 2,000 US jobs as part of a cost-cutting plan valued at $2bn led by top executive David Ellison.
The workforce reduction come after the merger between Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
More overseas workforce reductions are likely, as the firm planning to disclose full details during its Q3 financial results on 10 November.
Prior news had indicated that Paramount aimed to cut between 2,000 to 3,000 roles by early November.
Until December 2024, the organization had about 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
Paramount Skydance has not provided a response to a request for comment.
