Paramount Skydance Plans to Remove Nearly 2,000 US Jobs – Report
Skydance Paramount is scheduled to begin large-scale job cuts during the week starting 27 October, removing approximately 2,000 positions in the United States as part of a expense reduction strategy worth $2bn led by CEO David Ellison.
The layoffs come after the combination of Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Additional overseas workforce reductions are expected, with Paramount Skydance aiming to disclose all specifics during its third-quarter financial update scheduled for November 10.
Earlier reports had indicated the company was looking to eliminate between 2,000 to 3,000 jobs by the beginning of next month.
Until December 2024, Paramount employed nearly 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.
The company did not immediately respond regarding the report.
