Skydance Paramount Plans to Eliminate Around 2,000 United States Roles – Update
Paramount Skydance plans to initiate large-scale job cuts during the week starting 27 October, cutting nearly 2,000 positions in the United States under a budget-saving initiative worth $2bn overseen by top executive David Ellison.
The layoffs come after the union of Skydance Media and Paramount Global, which closed in August worth $8.4bn.
More overseas workforce reductions are likely, with Paramount Skydance intending to reveal complete information via its third quarter earnings report scheduled for November 10.
Prior news suggested the firm was looking to reduce between 2,000 to 3,000 jobs by the beginning of next month.
By December 2024, Paramount had almost 18,600 permanent and temporary staff plus 3,500 contract workers.
The organization did not immediately respond to a request for comment.
