Skydance Paramount Plans to Eliminate Nearly 2,000 American Positions – Report
Skydance Paramount is scheduled to initiate significant workforce reductions during the week starting 27 October, eliminating approximately 2,000 American roles within a expense reduction strategy totaling $2bn led by CEO David Ellison.
The layoffs follow the merger of Skydance Media and Paramount Global, completed during August worth $8.4bn.
Further international job cuts are expected, with Paramount Skydance planning to announce complete information during its Q3 financial results scheduled for November 10.
Previous updates had indicated the company was looking to reduce between 2,000 to 3,000 jobs by early November.
Until December 2024, the company employed almost 18,600 full- and part-time employees plus 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.
