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Skydance Paramount Plans to Cut Approximately 2,000 American Positions – Report
Skydance Paramount plans to initiate large-scale job cuts during the week starting 27 October, eliminating about 2,000 US jobs as part of a budget-saving initiative worth $2bn overseen by top executive David Ellison.
The workforce reduction follow the combination of Skydance Media and Paramount Global, completed in August worth $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance intending to reveal full details via its Q3 financial results scheduled for November 10.
Previous updates had indicated that Paramount planned to eliminate between 2,000 and 3,000 jobs by early November.
As of December 2024, the organization had almost 18,600 full- and part-time employees along with 3,500 contract workers.
The company did not immediately respond regarding the report.
Jason Gutierrez
A certified nutritionist passionate about holistic health and evidence-based dietary practices.
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