Paramount Skydance Set to Remove Approximately 2,000 United States Roles – Report
Skydance Paramount will initiate significant workforce reductions the week of 27 October, eliminating approximately 2,000 American roles under a budget-saving initiative totaling $2bn overseen by top executive David Ellison.
The layoffs come after the combination between Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
Additional global layoffs are anticipated, with the company planning to disclose complete information in its third quarter earnings report scheduled for November 10.
Prior news suggested the company planned to reduce from 2,000 and 3,000 roles by early November.
Until December 2024, Paramount employed nearly 18,600 permanent and temporary staff and 3,500 contract workers.
The company has not provided a response regarding the report.
