Skydance Paramount Plans to Eliminate Approximately 2,000 American Positions – Report
Paramount Skydance will start mass layoffs during the week starting 27 October, eliminating approximately 2,000 American roles within a cost-cutting plan totaling $2bn overseen by CEO David Ellison.
These job cuts come after the combination between Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
Additional international job cuts are expected, with Paramount Skydance intending to reveal complete information in its third quarter earnings report on 10 November.
Prior news had indicated the company planned to cut from 2,000 to 3,000 positions by early November.
By December 2024, Paramount had nearly 18,600 permanent and temporary staff plus 3,500 project-based staff.
The organization has not yet commented to a request for comment.
