Paramount Skydance Set to Remove Around 2,000 United States Roles – Report
Skydance Paramount plans to initiate mass layoffs the week of 27 October, eliminating about 2,000 positions in the United States within a budget-saving initiative valued at $2bn led by new chief executive David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Additional international job cuts are expected, with the company intending to reveal all specifics via its third quarter earnings report on 10 November.
Earlier reports had indicated the company was looking to cut between 2,000 to 3,000 roles before the start of November.
As of December 2024, the organization had nearly 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
Paramount Skydance did not immediately respond to a request for comment.