Skydance Paramount Will Eliminate Around 2,000 United States Roles – Report
Paramount Skydance is scheduled to begin large-scale job cuts beginning on 27 October, eliminating approximately 2,000 American roles within a cost-cutting plan totaling $2bn under top executive David Ellison.
The layoffs are a result of the union between Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Further international job cuts are expected, with Paramount Skydance intending to announce full details during its third quarter earnings report on 10 November.
Earlier reports suggested the firm planned to reduce between 2,000 to 3,000 jobs before the start of November.
Until December 2024, the organization employed nearly 18,600 permanent and temporary staff plus 3,500 temporary project employees.
The company did not immediately respond to a request for comment.
