Skydance Paramount Will Cut Approximately 2,000 United States Roles – Report
Skydance Paramount is scheduled to begin mass layoffs beginning on 27 October, removing approximately 2,000 positions in the United States as part of a cost-cutting plan worth $2bn overseen by top executive David Ellison.
The workforce reduction come after the combination of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.
Additional international job cuts are expected, with the company planning to announce full details in its third quarter earnings report set for the 10th of November.
Earlier reports had indicated the company was looking to reduce between 2,000 and 3,000 roles by the beginning of next month.
Until December 2024, the company employed almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
The company has not yet commented to a request for comment.
