Skydance Paramount Plans to Eliminate Nearly 2,000 United States Roles – Update
Paramount Skydance will start large-scale job cuts beginning on 27 October, eliminating approximately 2,000 US jobs under a expense reduction strategy worth $2bn led by new chief executive David Ellison.
The layoffs follow the combination of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Further overseas workforce reductions are likely, with the company planning to disclose all specifics during its third-quarter financial update on 10 November.
Previous updates had indicated that Paramount aimed to eliminate from 2,000 and 3,000 roles by the beginning of next month.
Until December 2024, the organization had nearly 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The organization has not provided a response on the matter.
