Paramount Skydance Plans to Cut Around 2,000 United States Roles – Report
Skydance Paramount is scheduled to begin significant workforce reductions beginning on 27 October, cutting nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn overseen by CEO David Ellison.
The layoffs come after the merger of Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Additional overseas workforce reductions are likely, with Paramount Skydance planning to announce full details during its third quarter earnings report scheduled for November 10.
Previous updates suggested the company planned to cut from 2,000 and 3,000 positions before the start of November.
Until December 2024, the organization retained almost 18,600 permanent and temporary staff along with 3,500 temporary project employees.
The company has not yet commented regarding the report.
