Skydance Paramount Set to Cut Approximately 2,000 United States Roles – News
Skydance Paramount plans to start mass layoffs during the week starting 27 October, eliminating about 2,000 positions in the United States as part of a cost-cutting plan totaling $2bn led by new chief executive David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional global layoffs are likely, as the firm intending to reveal all specifics in its third-quarter financial update on 10 November.
Previous updates suggested that Paramount was looking to cut between 2,000 and 3,000 jobs before the start of November.
By December 2024, the company retained nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
The company did not immediately respond on the matter.
