Paramount Skydance Plans to Eliminate Around 2,000 United States Roles – Report
Paramount Skydance is scheduled to initiate large-scale job cuts the week of 27 October, cutting approximately 2,000 positions in the United States as part of a budget-saving initiative worth $2bn under top executive David Ellison.
These job cuts are a result of the combination of Skydance Media and Paramount Global, which closed this past August worth $8.4bn.
Additional global layoffs are likely, with the company aiming to reveal full details during its third quarter earnings report scheduled for November 10.
Prior news had indicated that Paramount was looking to eliminate between 2,000 to 3,000 positions by early November.
By December 2024, the organization had almost 18,600 permanent and temporary staff plus 3,500 contract workers.
Paramount Skydance has not provided a response on the matter.
