Skydance Paramount Set to Eliminate Nearly 2,000 United States Roles – News
Paramount Skydance plans to begin significant workforce reductions beginning on 27 October, removing approximately 2,000 US jobs under a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
The layoffs follow the combination of Skydance Media and Paramount Global, completed during August worth $8.4bn.
More overseas workforce reductions are likely, as the firm planning to disclose full details in its Q3 financial results on 10 November.
Previous updates had indicated that Paramount planned to eliminate between 2,000 and 3,000 jobs by early November.
As of December 2024, Paramount retained about 18,600 workers on full-time and part-time contracts plus 3,500 contract workers.
The company has not yet commented to a request for comment.
