Skydance Paramount Plans to Eliminate Around 2,000 American Positions – News
Skydance Paramount will start significant workforce reductions the week of 27 October, eliminating approximately 2,000 American roles under a cost-cutting plan worth $2bn under CEO David Ellison.
The workforce reduction come after the merger between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
More overseas workforce reductions are likely, with the company planning to reveal complete information in its third quarter earnings report on 10 November.
Earlier reports stated the firm was looking to reduce between 2,000 to 3,000 roles by early November.
By December 2024, the company had about 18,600 full- and part-time employees plus 3,500 project-based staff.
The organization has not provided a response regarding the report.
