Paramount Skydance Will Cut Around 2,000 American Positions – Report
Paramount Skydance is scheduled to initiate significant workforce reductions the week of 27 October, cutting about 2,000 US jobs as part of a cost-cutting plan valued at $2bn under CEO David Ellison.
These job cuts follow the combination between Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Further overseas workforce reductions are expected, as the firm intending to reveal complete information via its third quarter earnings report scheduled for November 10.
Previous updates had indicated the company aimed to reduce from 2,000 and 3,000 positions by the beginning of next month.
Until December 2024, the organization employed almost 18,600 permanent and temporary staff and 3,500 temporary project employees.
The company has not yet commented regarding the report.
