Paramount Skydance Plans to Cut Approximately 2,000 American Positions – Update
Paramount Skydance plans to initiate mass layoffs the week of 27 October, removing about 2,000 American roles within a expense reduction strategy worth $2bn led by CEO David Ellison.
These job cuts are a result of the union between Skydance Media and Paramount Global, finalized during August valued at $8.4bn.
Additional international job cuts are anticipated, with Paramount Skydance aiming to reveal complete information in its Q3 financial results on 10 November.
Previous updates stated that Paramount planned to eliminate between 2,000 to 3,000 roles by the beginning of next month.
By December 2024, the organization had almost 18,600 permanent and temporary staff plus 3,500 contract workers.
Paramount Skydance has not provided a response on the matter.
