Skydance Paramount Will Remove Around 2,000 US Jobs – Report
Skydance Paramount will start large-scale job cuts beginning on 27 October, cutting approximately 2,000 US jobs under a budget-saving initiative totaling $2bn under top executive David Ellison.
The workforce reduction are a result of the merger of Skydance Media and Paramount Global, which closed during August worth $8.4bn.
More overseas workforce reductions are likely, with the company aiming to reveal complete information during its third-quarter financial update set for the 10th of November.
Earlier reports stated the company aimed to reduce from 2,000 to 3,000 positions before the start of November.
As of December 2024, the company had almost 18,600 full- and part-time employees along with 3,500 contract workers.
The company did not immediately respond regarding the report.
