Paramount Skydance Will Remove Around 2,000 United States Roles – News
Paramount Skydance will start significant workforce reductions beginning on 27 October, cutting approximately 2,000 positions in the United States within a expense reduction strategy valued at $2bn overseen by new chief executive David Ellison.
The layoffs come after the merger between Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.
Further overseas workforce reductions are expected, with Paramount Skydance intending to disclose complete information in its third-quarter financial update scheduled for November 10.
Prior news had indicated that Paramount planned to eliminate from 2,000 to 3,000 roles before the start of November.
As of December 2024, the company had about 18,600 workers on full-time and part-time contracts plus 3,500 project-based staff.
The organization has not provided a response on the matter.
