Skydance Paramount Set to Eliminate Nearly 2,000 United States Roles – Update
Skydance Paramount will start large-scale job cuts the week of 27 October, cutting approximately 2,000 American roles under a budget-saving initiative worth $2bn under top executive David Ellison.
These job cuts come after the union of Skydance Media and Paramount Global, completed in August worth $8.4bn.
Additional global layoffs are anticipated, with the company planning to reveal complete information during its third quarter earnings report on 10 November.
Previous updates suggested the company was looking to reduce between 2,000 to 3,000 jobs before the start of November.
Until December 2024, Paramount employed almost 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.
The organization has not yet commented on the matter.
