Paramount Skydance Plans to Cut Around 2,000 United States Roles – Update
Skydance Paramount is scheduled to start significant workforce reductions beginning on 27 October, removing approximately 2,000 American roles as part of a budget-saving initiative worth $2bn led by new chief executive David Ellison.
The layoffs come after the union of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
Further international job cuts are expected, with the company aiming to disclose complete information in its third quarter earnings report set for the 10th of November.
Prior news had indicated the firm was looking to cut from 2,000 and 3,000 jobs before the start of November.
By December 2024, the organization had almost 18,600 full- and part-time employees and 3,500 contract workers.
Paramount Skydance has not provided a response on the matter.
