Paramount Skydance Plans to Eliminate Nearly 2,000 American Positions – Report
Paramount Skydance will start mass layoffs the week of 27 October, cutting approximately 2,000 American roles under a expense reduction strategy valued at $2bn overseen by top executive David Ellison.
These job cuts follow the merger of Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Further global layoffs are likely, with the company intending to announce all specifics via its third-quarter financial update scheduled for November 10.
Previous updates suggested the firm planned to reduce from 2,000 to 3,000 roles before the start of November.
As of December 2024, the company had almost 18,600 workers on full-time and part-time contracts plus 3,500 contract workers.
The company has not yet commented regarding the report.
