Paramount Skydance Plans to Remove Nearly 2,000 United States Roles – Report
Skydance Paramount is scheduled to initiate mass layoffs during the week starting 27 October, removing approximately 2,000 positions in the United States as part of a budget-saving initiative totaling $2bn under top executive David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
Additional global layoffs are anticipated, with the company intending to disclose complete information via its third quarter earnings report on 10 November.
Earlier reports had indicated the company was looking to cut between 2,000 to 3,000 roles by early November.
As of December 2024, the organization retained about 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The organization has not provided a response on the matter.
