Skydance Paramount Plans to Cut Approximately 2,000 American Positions – Update
Paramount Skydance plans to initiate mass layoffs during the week starting 27 October, removing nearly 2,000 American roles as part of a budget-saving initiative worth $2bn overseen by CEO David Ellison.
These job cuts come after the merger of Skydance Media and Paramount Global, completed in August with a value of $8.4bn.
More international job cuts are likely, with Paramount Skydance aiming to disclose all specifics during its Q3 financial results scheduled for November 10.
Prior news stated that Paramount aimed to eliminate from 2,000 and 3,000 positions by the beginning of next month.
By December 2024, Paramount retained almost 18,600 permanent and temporary staff along with 3,500 project-based staff.
Paramount Skydance did not immediately respond to a request for comment.
