Paramount Skydance Plans to Eliminate Approximately 2,000 American Positions – Report
Paramount Skydance is scheduled to start large-scale job cuts during the week starting 27 October, eliminating about 2,000 American roles as part of a expense reduction strategy valued at $2bn led by CEO David Ellison.
The layoffs come after the merger of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.
More international job cuts are expected, with Paramount Skydance intending to reveal all specifics during its third-quarter financial update set for the 10th of November.
Prior news suggested that Paramount was looking to cut from 2,000 to 3,000 roles by the beginning of next month.
As of December 2024, Paramount employed about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
Paramount Skydance did not immediately respond on the matter.
