Skydance Paramount Plans to Remove Nearly 2,000 United States Roles – Report
Paramount Skydance will start mass layoffs during the week starting 27 October, eliminating approximately 2,000 American roles as part of a cost-cutting plan valued at $2bn led by new chief executive David Ellison.
The layoffs are a result of the combination between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
More overseas workforce reductions are likely, as the firm intending to announce all specifics via its third quarter earnings report on 10 November.
Previous updates suggested the firm was looking to reduce from 2,000 to 3,000 roles by early November.
Until December 2024, the organization employed nearly 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The company has not provided a response regarding the report.
