Skydance Paramount Set to Cut Nearly 2,000 United States Roles – News
Paramount Skydance will initiate mass layoffs during the week starting 27 October, cutting approximately 2,000 US jobs within a cost-cutting plan worth $2bn under top executive David Ellison.
These job cuts are a result of the combination of Skydance Media and Paramount Global, completed during August valued at $8.4bn.
More overseas workforce reductions are expected, as the firm planning to announce full details in its Q3 financial results on 10 November.
Previous updates stated the firm was looking to eliminate between 2,000 and 3,000 jobs before the start of November.
Until December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
The organization has not yet commented to a request for comment.