Paramount Skydance Set to Remove Nearly 2,000 American Positions – Update
Skydance Paramount will begin significant workforce reductions during the week starting 27 October, removing approximately 2,000 US jobs within a cost-cutting plan valued at $2bn led by new chief executive David Ellison.
These job cuts come after the combination of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
More global layoffs are anticipated, with the company intending to announce full details during its third-quarter financial update on 10 November.
Previous updates suggested the firm planned to reduce from 2,000 to 3,000 positions by early November.
As of December 2024, the company retained about 18,600 full- and part-time employees and 3,500 contract workers.
The company did not immediately respond to a request for comment.
