Skydance Paramount Will Eliminate Around 2,000 United States Roles – Update
Skydance Paramount is scheduled to begin large-scale job cuts during the week starting 27 October, cutting approximately 2,000 positions in the United States as part of a cost-cutting plan totaling $2bn led by CEO David Ellison.
The workforce reduction follow the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.
Additional overseas workforce reductions are expected, with the company planning to reveal full details via its Q3 financial results scheduled for November 10.
Previous updates had indicated the company was looking to cut from 2,000 to 3,000 roles by the beginning of next month.
Until December 2024, the organization employed about 18,600 permanent and temporary staff and 3,500 temporary project employees.
Paramount Skydance has not provided a response on the matter.
