Skydance Paramount Will Cut Approximately 2,000 United States Roles – Report
Paramount Skydance plans to begin large-scale job cuts during the week starting 27 October, cutting approximately 2,000 US jobs within a cost-cutting plan valued at $2bn led by CEO David Ellison.
These job cuts follow the union between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.
Additional international job cuts are likely, with the company planning to disclose all specifics in its third-quarter financial update scheduled for November 10.
Earlier reports suggested that Paramount planned to eliminate between 2,000 and 3,000 roles before the start of November.
As of December 2024, the organization had about 18,600 permanent and temporary staff plus 3,500 contract workers.
The organization has not yet commented regarding the report.
