Skydance Paramount Set to Remove Approximately 2,000 American Positions – Update
Skydance Paramount is scheduled to begin large-scale job cuts during the week starting 27 October, removing about 2,000 US jobs under a budget-saving initiative totaling $2bn under top executive David Ellison.
The layoffs follow the merger of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn.
Further global layoffs are expected, with Paramount Skydance intending to disclose all specifics in its Q3 financial results on 10 November.
Previous updates suggested the company was looking to cut between 2,000 to 3,000 positions by early November.
Until December 2024, Paramount employed almost 18,600 permanent and temporary staff plus 3,500 contract workers.
Paramount Skydance has not provided a response on the matter.
