Paramount Skydance Set to Cut Around 2,000 United States Roles – Update
Paramount Skydance is scheduled to initiate significant workforce reductions the week of 27 October, removing nearly 2,000 American roles as part of a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Further international job cuts are likely, as the firm aiming to reveal complete information in its Q3 financial results set for the 10th of November.
Previous updates stated the firm was looking to cut between 2,000 and 3,000 positions before the start of November.
Until December 2024, the organization retained nearly 18,600 permanent and temporary staff and 3,500 temporary project employees.
Paramount Skydance has not provided a response on the matter.
