Paramount Skydance Will Cut Approximately 2,000 United States Roles – News
Skydance Paramount is scheduled to start mass layoffs the week of 27 October, removing approximately 2,000 US jobs as part of a budget-saving initiative totaling $2bn under top executive David Ellison.
The layoffs come after the merger of Skydance Media and Paramount Global, completed this past August worth $8.4bn.
Further overseas workforce reductions are likely, with the company aiming to disclose all specifics via its third quarter earnings report scheduled for November 10.
Earlier reports stated the firm aimed to eliminate between 2,000 to 3,000 roles by early November.
As of December 2024, the company employed about 18,600 full- and part-time employees along with 3,500 project-based staff.
Paramount Skydance has not provided a response regarding the report.
