Skydance Paramount Will Cut Approximately 2,000 United States Roles – Report
Paramount Skydance will begin large-scale job cuts beginning on 27 October, cutting about 2,000 positions in the United States under a cost-cutting plan valued at $2bn under top executive David Ellison.
The layoffs follow the merger between Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.
Additional overseas workforce reductions are anticipated, with the company aiming to disclose complete information during its Q3 financial results on 10 November.
Prior news stated that Paramount planned to reduce between 2,000 and 3,000 jobs by early November.
By December 2024, the organization retained almost 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance has not yet commented on the matter.
