Skydance Paramount Set to Cut Around 2,000 United States Roles – Update
Paramount Skydance plans to start mass layoffs beginning on 27 October, cutting approximately 2,000 American roles as part of a expense reduction strategy totaling $2bn led by top executive David Ellison.
The layoffs come after the merger of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional global layoffs are anticipated, with Paramount Skydance aiming to announce complete information during its third-quarter financial update on 10 November.
Previous updates suggested the company was looking to reduce from 2,000 and 3,000 jobs before the start of November.
As of December 2024, the organization retained nearly 18,600 permanent and temporary staff and 3,500 contract workers.
The company did not immediately respond regarding the report.
