Skydance Paramount Will Eliminate Nearly 2,000 American Positions – News

Paramount Skydance is scheduled to initiate significant workforce reductions the week of 27 October, removing approximately 2,000 American roles as part of a cost-cutting plan valued at $2bn led by top executive David Ellison.

The layoffs come after the union of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.

Further overseas workforce reductions are likely, with the company aiming to announce all specifics via its third-quarter financial update scheduled for November 10.

Previous updates suggested the firm aimed to cut from 2,000 to 3,000 positions before the start of November.

By December 2024, Paramount retained about 18,600 full- and part-time employees along with 3,500 contract workers.

The company has not yet commented regarding the report.