Skydance Paramount Plans to Eliminate Approximately 2,000 American Positions – News
Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, removing nearly 2,000 US jobs under a cost-cutting plan totaling $2bn led by top executive David Ellison.
The workforce reduction are a result of the union between Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Further overseas workforce reductions are likely, as the firm aiming to disclose all specifics during its third quarter earnings report on 10 November.
Earlier reports stated that Paramount planned to reduce between 2,000 and 3,000 jobs by the beginning of next month.
Until December 2024, the organization retained almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
The organization has not provided a response on the matter.
