Skydance Paramount Will Remove Nearly 2,000 American Positions – Report
Skydance Paramount is scheduled to start significant workforce reductions during the week starting 27 October, removing about 2,000 American roles as part of a expense reduction strategy totaling $2bn overseen by top executive David Ellison.
The workforce reduction come after the combination between Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Additional global layoffs are expected, with Paramount Skydance intending to disclose complete information during its third-quarter financial update set for the 10th of November.
Earlier reports had indicated the company aimed to eliminate from 2,000 and 3,000 positions before the start of November.
Until December 2024, Paramount employed nearly 18,600 full- and part-time employees plus 3,500 project-based staff.
The company has not provided a response on the matter.
