Skydance Paramount Set to Cut Around 2,000 American Positions – Report
Paramount Skydance plans to initiate mass layoffs during the week starting 27 October, removing approximately 2,000 American roles within a budget-saving initiative valued at $2bn overseen by top executive David Ellison.
The workforce reduction follow the combination between Skydance Media and Paramount Global, which closed this past August worth $8.4bn.
Additional international job cuts are likely, with Paramount Skydance aiming to announce full details in its third quarter earnings report scheduled for November 10.
Prior news suggested that Paramount was looking to reduce between 2,000 to 3,000 roles before the start of November.
By December 2024, the organization had about 18,600 full- and part-time employees plus 3,500 project-based staff.
Paramount Skydance has not yet commented to a request for comment.
