Skydance Paramount Plans to Cut Around 2,000 US Jobs – Report
Skydance Paramount plans to start significant workforce reductions beginning on 27 October, removing about 2,000 US jobs within a expense reduction strategy valued at $2bn led by top executive David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, finalized in August worth $8.4bn.
More international job cuts are anticipated, as the firm planning to reveal all specifics in its third-quarter financial update set for the 10th of November.
Prior news stated the firm aimed to eliminate from 2,000 to 3,000 jobs by the beginning of next month.
By December 2024, the organization employed about 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance did not immediately respond on the matter.
