Paramount Skydance Plans to Cut Nearly 2,000 United States Roles – Update
Paramount Skydance will start mass layoffs beginning on 27 October, eliminating nearly 2,000 American roles within a budget-saving initiative totaling $2bn under CEO David Ellison.
The workforce reduction are a result of the merger between Skydance Media and Paramount Global, finalized during August worth $8.4bn.
Additional overseas workforce reductions are expected, as the firm aiming to disclose complete information via its third-quarter financial update on 10 November.
Prior news had indicated the company planned to eliminate between 2,000 and 3,000 positions by early November.
Until December 2024, the organization had almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.
Paramount Skydance has not yet commented to a request for comment.
