Skydance Paramount Plans to Remove Approximately 2,000 United States Roles – Report
Skydance Paramount will initiate mass layoffs during the week starting 27 October, removing nearly 2,000 US jobs under a cost-cutting plan totaling $2bn led by CEO David Ellison.
The workforce reduction are a result of the combination between Skydance Media and Paramount Global, finalized this past August worth $8.4bn.
Additional international job cuts are likely, with the company intending to announce full details via its third-quarter financial update set for the 10th of November.
Previous updates had indicated the company planned to reduce from 2,000 and 3,000 roles before the start of November.
As of December 2024, the organization had almost 18,600 full- and part-time employees plus 3,500 contract workers.
Paramount Skydance has not yet commented on the matter.
