Paramount Skydance Plans to Eliminate Nearly 2,000 US Jobs – Update
Paramount Skydance is scheduled to initiate large-scale job cuts during the week starting 27 October, eliminating nearly 2,000 US jobs within a budget-saving initiative valued at $2bn overseen by CEO David Ellison.
The layoffs come after the union between Skydance Media and Paramount Global, completed during August valued at $8.4bn.
Further global layoffs are expected, with the company aiming to reveal full details during its third-quarter financial update on 10 November.
Earlier reports stated the company aimed to eliminate from 2,000 to 3,000 roles by early November.
As of December 2024, the company had about 18,600 full- and part-time employees along with 3,500 temporary project employees.
Paramount Skydance has not provided a response regarding the report.
