Skydance Paramount Will Cut Approximately 2,000 US Jobs – News
Paramount Skydance plans to begin large-scale job cuts beginning on 27 October, cutting approximately 2,000 positions in the United States under a cost-cutting plan worth $2bn overseen by CEO David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.
More overseas workforce reductions are anticipated, with the company intending to reveal all specifics via its Q3 financial results set for the 10th of November.
Prior news had indicated the company aimed to eliminate between 2,000 and 3,000 jobs by the beginning of next month.
Until December 2024, the company had nearly 18,600 permanent and temporary staff and 3,500 temporary project employees.
The organization has not yet commented to a request for comment.
