Skydance Paramount Set to Eliminate Around 2,000 United States Roles – Report
Paramount Skydance is scheduled to begin significant workforce reductions the week of 27 October, removing approximately 2,000 US jobs under a cost-cutting plan totaling $2bn overseen by CEO David Ellison.
The workforce reduction follow the combination between Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
Further global layoffs are expected, with the company planning to announce full details via its third quarter earnings report set for the 10th of November.
Prior news suggested the company was looking to eliminate from 2,000 to 3,000 jobs by the beginning of next month.
As of December 2024, Paramount employed about 18,600 full- and part-time employees plus 3,500 temporary project employees.
Paramount Skydance has not provided a response to a request for comment.
