Paramount Skydance Set to Eliminate Around 2,000 American Positions – Report
Paramount Skydance is scheduled to start large-scale job cuts beginning on 27 October, cutting approximately 2,000 US jobs as part of a expense reduction strategy totaling $2bn overseen by CEO David Ellison.
The layoffs follow the merger between Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Further international job cuts are likely, with Paramount Skydance planning to disclose complete information during its third-quarter financial update set for the 10th of November.
Earlier reports had indicated the company aimed to reduce between 2,000 to 3,000 roles by early November.
Until December 2024, the organization employed nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
Paramount Skydance did not immediately respond regarding the report.
