Paramount Skydance Will Remove Around 2,000 US Jobs – News
Paramount Skydance plans to begin large-scale job cuts during the week starting 27 October, eliminating approximately 2,000 positions in the United States within a expense reduction strategy valued at $2bn led by CEO David Ellison.
These job cuts follow the merger between Skydance Media and Paramount Global, completed this past August worth $8.4bn.
Further international job cuts are anticipated, as the firm aiming to disclose complete information during its third-quarter financial update on 10 November.
Previous updates stated the firm planned to cut from 2,000 to 3,000 roles before the start of November.
As of December 2024, the organization employed almost 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The company has not yet commented to a request for comment.
