Paramount Skydance Set to Remove Nearly 2,000 United States Roles – News

Paramount Skydance is scheduled to initiate large-scale job cuts during the week starting 27 October, cutting nearly 2,000 positions in the United States within a budget-saving initiative valued at $2bn under CEO David Ellison.

The workforce reduction come after the union of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.

Further overseas workforce reductions are expected, with the company intending to announce all specifics during its third quarter earnings report scheduled for November 10.

Previous updates had indicated that Paramount aimed to eliminate from 2,000 to 3,000 jobs by early November.

By December 2024, the organization employed almost 18,600 permanent and temporary staff plus 3,500 contract workers.

Paramount Skydance has not provided a response on the matter.