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Paramount Skydance Plans to Remove Nearly 2,000 US Jobs – News
Paramount Skydance plans to initiate significant workforce reductions during the week starting 27 October, removing nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn under new chief executive David Ellison.
These job cuts are a result of the combination between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Additional international job cuts are expected, with the company aiming to announce all specifics in its third-quarter financial update set for the 10th of November.
Prior news suggested that Paramount aimed to reduce from 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the company had about 18,600 full- and part-time employees plus 3,500 project-based staff.
The company did not immediately respond to a request for comment.
Mary Cooke
A passionate food enthusiast and travel writer based in London, sharing personal stories and expert insights.
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