Skydance Paramount Set to Cut Around 2,000 US Jobs – News
Paramount Skydance is scheduled to start mass layoffs the week of 27 October, removing approximately 2,000 American roles as part of a expense reduction strategy totaling $2bn led by new chief executive David Ellison.
These job cuts follow the union of Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
More overseas workforce reductions are anticipated, with Paramount Skydance planning to reveal all specifics via its Q3 financial results scheduled for November 10.
Prior news stated that Paramount planned to cut between 2,000 to 3,000 roles before the start of November.
As of December 2024, Paramount had nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
The organization has not provided a response to a request for comment.
