Paramount Skydance Will Remove Approximately 2,000 American Positions – News
Skydance Paramount will initiate significant workforce reductions the week of 27 October, removing approximately 2,000 American roles within a budget-saving initiative worth $2bn led by CEO David Ellison.
The layoffs come after the merger between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
More international job cuts are anticipated, with the company intending to announce complete information during its third quarter earnings report on 10 November.
Earlier reports stated that Paramount planned to eliminate between 2,000 to 3,000 positions by early November.
As of December 2024, Paramount retained almost 18,600 full- and part-time employees along with 3,500 project-based staff.
The organization has not yet commented on the matter.
