Paramount Skydance Plans to Cut Approximately 2,000 US Jobs – Report
Paramount Skydance plans to initiate significant workforce reductions the week of 27 October, cutting approximately 2,000 positions in the United States under a cost-cutting plan totaling $2bn led by top executive David Ellison.
These job cuts come after the merger between Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
Additional global layoffs are anticipated, with Paramount Skydance aiming to announce all specifics via its Q3 financial results scheduled for November 10.
Previous updates had indicated the firm aimed to reduce from 2,000 and 3,000 roles before the start of November.
Until December 2024, the company retained about 18,600 workers on full-time and part-time contracts along with 3,500 temporary project employees.
The organization has not yet commented on the matter.
