Paramount Skydance Set to Cut Nearly 2,000 United States Roles – Report
Paramount Skydance is scheduled to initiate significant workforce reductions during the week starting 27 October, cutting approximately 2,000 positions in the United States as part of a cost-cutting plan totaling $2bn under top executive David Ellison.
The workforce reduction are a result of the combination between Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
More global layoffs are anticipated, with Paramount Skydance planning to reveal complete information during its third-quarter financial update on 10 November.
Prior news stated that Paramount was looking to eliminate from 2,000 and 3,000 roles before the start of November.
Until December 2024, the company retained nearly 18,600 full- and part-time employees along with 3,500 project-based staff.
Paramount Skydance did not immediately respond to a request for comment.
