Paramount Skydance Set to Cut Nearly 2,000 US Jobs – Update
Paramount Skydance is scheduled to begin significant workforce reductions during the week starting 27 October, cutting about 2,000 American roles within a cost-cutting plan valued at $2bn overseen by CEO David Ellison.
These job cuts are a result of the union of Skydance Media and Paramount Global, which closed during August worth $8.4bn.
Further global layoffs are anticipated, with Paramount Skydance planning to disclose full details via its third-quarter financial update scheduled for November 10.
Previous updates stated the firm was looking to cut between 2,000 and 3,000 roles by early November.
By December 2024, Paramount had about 18,600 permanent and temporary staff along with 3,500 temporary project employees.
Paramount Skydance has not yet commented regarding the report.
