Skydance Paramount Plans to Cut Approximately 2,000 United States Roles – Update
Paramount Skydance is scheduled to start mass layoffs the week of 27 October, eliminating nearly 2,000 American roles under a budget-saving initiative valued at $2bn under new chief executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
Additional overseas workforce reductions are expected, with the company aiming to reveal full details in its Q3 financial results set for the 10th of November.
Previous updates stated the company was looking to cut from 2,000 and 3,000 roles by early November.
As of December 2024, the company employed almost 18,600 permanent and temporary staff and 3,500 temporary project employees.
The organization has not yet commented to a request for comment.
