Skydance Paramount Will Eliminate Nearly 2,000 United States Roles – Update
Paramount Skydance will start mass layoffs during the week starting 27 October, cutting nearly 2,000 American roles as part of a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
These job cuts come after the union between Skydance Media and Paramount Global, completed this past August valued at $8.4bn.
Additional international job cuts are expected, with the company aiming to disclose complete information via its third-quarter financial update set for the 10th of November.
Prior news had indicated that Paramount aimed to reduce from 2,000 to 3,000 roles before the start of November.
As of December 2024, Paramount employed about 18,600 full- and part-time employees along with 3,500 temporary project employees.
Paramount Skydance has not provided a response to a request for comment.
