Paramount Skydance Set to Eliminate Nearly 2,000 American Positions – Report

Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, removing approximately 2,000 US jobs under a cost-cutting plan worth $2bn led by top executive David Ellison.

The layoffs come after the union between Skydance Media and Paramount Global, finalized this past August valued at $8.4bn.

Additional overseas workforce reductions are expected, as the firm aiming to reveal full details during its third quarter earnings report on 10 November.

Previous updates stated that Paramount aimed to cut between 2,000 and 3,000 positions by early November.

By December 2024, Paramount employed almost 18,600 permanent and temporary staff plus 3,500 project-based staff.

Paramount Skydance did not immediately respond regarding the report.