Paramount Skydance Plans to Cut Around 2,000 American Positions – Report
Skydance Paramount will begin mass layoffs during the week starting 27 October, removing about 2,000 US jobs under a cost-cutting plan valued at $2bn overseen by top executive David Ellison.
The layoffs are a result of the union of Skydance Media and Paramount Global, finalized during August worth $8.4bn.
More global layoffs are expected, with Paramount Skydance aiming to disclose complete information in its Q3 financial results scheduled for November 10.
Previous updates suggested the company was looking to eliminate from 2,000 to 3,000 roles before the start of November.
By December 2024, the company had nearly 18,600 full- and part-time employees plus 3,500 project-based staff.
Paramount Skydance has not yet commented regarding the report.
