Paramount Skydance Plans to Cut Nearly 2,000 United States Roles – Update
Paramount Skydance is scheduled to begin significant workforce reductions during the week starting 27 October, eliminating approximately 2,000 positions in the United States within a budget-saving initiative worth $2bn overseen by CEO David Ellison.
The layoffs come after the merger between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
More overseas workforce reductions are expected, as the firm aiming to disclose full details via its Q3 financial results set for the 10th of November.
Earlier reports suggested that Paramount aimed to reduce between 2,000 and 3,000 positions before the start of November.
Until December 2024, the organization employed almost 18,600 full- and part-time employees along with 3,500 temporary project employees.
Paramount Skydance has not provided a response on the matter.
