Skydance Paramount Set to Remove Nearly 2,000 United States Roles – Update
Paramount Skydance will initiate mass layoffs during the week starting 27 October, cutting approximately 2,000 positions in the United States as part of a cost-cutting plan valued at $2bn led by CEO David Ellison.
The layoffs are a result of the union between Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Additional international job cuts are expected, as the firm planning to reveal full details in its third-quarter financial update on 10 November.
Prior news had indicated that Paramount was looking to reduce from 2,000 and 3,000 roles by the beginning of next month.
Until December 2024, Paramount retained nearly 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
The organization has not yet commented to a request for comment.
