Skydance Paramount Set to Eliminate Approximately 2,000 United States Roles – News
Skydance Paramount will initiate large-scale job cuts beginning on 27 October, eliminating about 2,000 American roles under a budget-saving initiative worth $2bn under top executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Further overseas workforce reductions are likely, as the firm aiming to disclose complete information during its third quarter earnings report scheduled for November 10.
Prior news stated the firm was looking to eliminate from 2,000 and 3,000 roles before the start of November.
Until December 2024, Paramount employed almost 18,600 full- and part-time employees plus 3,500 contract workers.
The organization has not provided a response regarding the report.
