Paramount Skydance Plans to Remove Nearly 2,000 United States Roles – Report
Skydance Paramount will initiate significant workforce reductions during the week starting 27 October, removing about 2,000 positions in the United States as part of a cost-cutting plan worth $2bn led by new chief executive David Ellison.
The layoffs follow the combination of Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance aiming to disclose all specifics during its third-quarter financial update on 10 November.
Earlier reports stated the firm aimed to eliminate between 2,000 and 3,000 positions by the beginning of next month.
By December 2024, Paramount retained almost 18,600 full- and part-time employees plus 3,500 project-based staff.
Paramount Skydance did not immediately respond regarding the report.
