Paramount Skydance Set to Remove Nearly 2,000 American Positions – News
Paramount Skydance plans to start significant workforce reductions during the week starting 27 October, removing nearly 2,000 American roles as part of a budget-saving initiative totaling $2bn overseen by new chief executive David Ellison.
The workforce reduction are a result of the merger of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with the company planning to reveal full details in its third quarter earnings report scheduled for November 10.
Earlier reports suggested that Paramount aimed to eliminate from 2,000 and 3,000 positions by the beginning of next month.
As of December 2024, the organization retained almost 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The company has not provided a response on the matter.
