Skydance Paramount Will Remove Nearly 2,000 United States Roles – Report
Paramount Skydance is scheduled to begin large-scale job cuts beginning on 27 October, removing nearly 2,000 American roles under a budget-saving initiative worth $2bn overseen by new chief executive David Ellison.
The layoffs are a result of the merger between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Further global layoffs are likely, with Paramount Skydance aiming to reveal full details in its third quarter earnings report set for the 10th of November.
Previous updates had indicated the company planned to reduce from 2,000 to 3,000 jobs by early November.
By December 2024, Paramount retained almost 18,600 full- and part-time employees plus 3,500 project-based staff.
The company has not provided a response to a request for comment.
