Paramount Skydance Set to Cut Approximately 2,000 United States Roles – Report
Paramount Skydance will initiate large-scale job cuts during the week starting 27 October, eliminating approximately 2,000 US jobs under a budget-saving initiative totaling $2bn led by new chief executive David Ellison.
These job cuts come after the union of Skydance Media and Paramount Global, which closed during August valued at $8.4bn.
Further international job cuts are expected, with Paramount Skydance planning to announce full details during its third quarter earnings report on 10 November.
Prior news had indicated that Paramount planned to reduce between 2,000 to 3,000 jobs before the start of November.
As of December 2024, the organization had nearly 18,600 full- and part-time employees along with 3,500 project-based staff.
The organization did not immediately respond on the matter.
