Paramount Skydance Plans to Cut Nearly 2,000 United States Roles – Update
Paramount Skydance will begin mass layoffs during the week starting 27 October, cutting about 2,000 US jobs under a cost-cutting plan totaling $2bn led by top executive David Ellison.
The workforce reduction follow the union between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Further international job cuts are expected, with the company aiming to announce complete information in its third-quarter financial update scheduled for November 10.
Prior news had indicated the firm planned to reduce from 2,000 to 3,000 positions before the start of November.
Until December 2024, the organization employed nearly 18,600 permanent and temporary staff along with 3,500 project-based staff.
Paramount Skydance did not immediately respond regarding the report.
