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

Skydance Paramount will begin large-scale job cuts during the week starting 27 October, eliminating about 2,000 US jobs under a expense reduction strategy valued at $2bn led by new chief executive David Ellison.

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

Additional overseas workforce reductions are anticipated, as the firm aiming to reveal all specifics in its Q3 financial results scheduled for November 10.

Earlier reports suggested that Paramount aimed to cut from 2,000 to 3,000 positions by early November.

By December 2024, Paramount retained almost 18,600 permanent and temporary staff along with 3,500 temporary project employees.

The company has not provided a response regarding the report.