Skydance Paramount Will Cut Approximately 2,000 United States Roles – Report
Paramount Skydance is scheduled to initiate significant workforce reductions the week of 27 October, eliminating about 2,000 American roles under a budget-saving initiative worth $2bn led by CEO David Ellison.
The layoffs come after the combination of Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Additional global layoffs are anticipated, with Paramount Skydance aiming to reveal full details via its Q3 financial results scheduled for November 10.
Prior news had indicated the company was looking to reduce from 2,000 to 3,000 roles by the beginning of next month.
As of December 2024, the organization employed about 18,600 permanent and temporary staff plus 3,500 contract workers.
The company has not yet commented on the matter.
