Skydance Paramount Plans to Cut Approximately 2,000 United States Roles – Update
Paramount Skydance will start mass layoffs during the week starting 27 October, eliminating nearly 2,000 positions in the United States under a expense reduction strategy totaling $2bn led by top executive David Ellison.
The layoffs follow the union of Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.
Further international job cuts are anticipated, with Paramount Skydance aiming to reveal full details in its Q3 financial results on 10 November.
Prior news had indicated that Paramount was looking to eliminate between 2,000 and 3,000 roles by early November.
By December 2024, Paramount had almost 18,600 permanent and temporary staff and 3,500 project-based staff.
The company has not yet commented to a request for comment.
