Paramount Skydance Plans to Cut Approximately 2,000 American Positions â News
Skydance Paramount plans to start large-scale job cuts beginning on 27 October, cutting nearly 2,000 positions in the United States as part of a expense reduction strategy valued at $2bn under CEO David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Further overseas workforce reductions are expected, with Paramount Skydance intending to reveal all specifics in its third quarter earnings report on 10 November.
Earlier reports stated the firm aimed to eliminate between 2,000 and 3,000 jobs by early November.
Until December 2024, the organization had almost 18,600 permanent and temporary staff plus 3,500 contract workers.
Paramount Skydance did not immediately respond to a request for comment.
