Skydance Paramount Set to Eliminate Nearly 2,000 American Positions – Update
Skydance Paramount is scheduled to begin significant workforce reductions beginning on 27 October, eliminating nearly 2,000 American roles within a expense reduction strategy valued at $2bn under CEO David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
More global layoffs are expected, with Paramount Skydance intending to reveal full details in its Q3 financial results on 10 November.
Previous updates had indicated the company was looking to eliminate between 2,000 to 3,000 roles before the start of November.
By December 2024, Paramount had nearly 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The organization has not yet commented to a request for comment.
