Skydance Paramount Set to Eliminate Approximately 2,000 American Positions – Report
Skydance Paramount is scheduled to begin mass layoffs beginning on 27 October, eliminating about 2,000 American roles as part of a cost-cutting plan worth $2bn led by top executive David Ellison.
The workforce reduction are a result of the combination of Skydance Media and Paramount Global, completed in August valued at $8.4bn.
More overseas workforce reductions are likely, as the firm aiming to announce full details during its third-quarter financial update on 10 November.
Earlier reports stated the company was looking to eliminate from 2,000 and 3,000 roles by early November.
Until December 2024, Paramount had almost 18,600 workers on full-time and part-time contracts along with 3,500 contract workers.
The company has not provided a response to a request for comment.
