Skydance Paramount Will Remove Nearly 2,000 American Positions – Report
Skydance Paramount is scheduled to start mass layoffs beginning on 27 October, cutting about 2,000 American roles under a cost-cutting plan totaling $2bn under new chief executive David Ellison.
The workforce reduction follow the merger between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.
Additional international job cuts are expected, with the company aiming to reveal full details in its third-quarter financial update on 10 November.
Earlier reports suggested that Paramount aimed to eliminate between 2,000 to 3,000 roles by early November.
Until December 2024, the organization employed about 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.
