Paramount Skydance Set to Cut Approximately 2,000 American Positions – Report
Paramount Skydance plans to begin significant workforce reductions beginning on 27 October, cutting approximately 2,000 American roles as part of a budget-saving initiative valued at $2bn overseen by CEO David Ellison.
The layoffs are a result of the combination of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Additional global layoffs are likely, as the firm intending to announce complete information in its third-quarter financial update on 10 November.
Previous updates suggested that Paramount planned to eliminate between 2,000 and 3,000 jobs before the start of November.
By December 2024, the company retained about 18,600 permanent and temporary staff along with 3,500 project-based staff.
The company has not provided a response to a request for comment.
