Paramount Skydance Plans to Remove Nearly 2,000 US Jobs – Report

Skydance Paramount plans to begin mass layoffs the week of 27 October, cutting about 2,000 American roles within a expense reduction strategy totaling $2bn overseen by top executive David Ellison.

These job cuts follow the union of Skydance Media and Paramount Global, which closed during August valued at $8.4bn.

Further overseas workforce reductions are likely, with Paramount Skydance planning to reveal all specifics during its Q3 financial results on 10 November.

Prior news stated the firm planned to reduce from 2,000 and 3,000 positions before the start of November.

Until December 2024, the organization retained nearly 18,600 workers on full-time and part-time contracts plus 3,500 contract workers.

The company did not immediately respond to a request for comment.