Skydance Paramount Set to Cut Nearly 2,000 United States Roles – News

Paramount Skydance plans to initiate mass layoffs during the week starting 27 October, removing approximately 2,000 US jobs as part of a expense reduction strategy totaling $2bn overseen by top executive David Ellison.

The layoffs follow the union of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.

Further international job cuts are anticipated, with the company planning to disclose all specifics in its third quarter earnings report on 10 November.

Previous updates stated the company planned to reduce between 2,000 to 3,000 positions by the beginning of next month.

By December 2024, Paramount had almost 18,600 permanent and temporary staff along with 3,500 contract workers.

The organization has not provided a response to a request for comment.