Paramount Skydance Set to Eliminate Around 2,000 American Positions – Update
Skydance Paramount is scheduled to initiate mass layoffs beginning on 27 October, removing approximately 2,000 positions in the United States within a cost-cutting plan totaling $2bn under top executive David Ellison.
The workforce reduction follow the combination of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Additional international job cuts are expected, with Paramount Skydance planning to reveal full details via its third quarter earnings report on 10 November.
Prior news had indicated that Paramount was looking to cut between 2,000 to 3,000 positions by early November.
By December 2024, Paramount employed almost 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
Paramount Skydance has not provided a response regarding the report.
