Paramount Skydance Will Cut Around 2,000 American Positions – News

Skydance Paramount will initiate large-scale job cuts beginning on 27 October, cutting about 2,000 positions in the United States within a cost-cutting plan valued at $2bn led by CEO David Ellison.

The layoffs come after the combination of Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.

Further global layoffs are expected, with the company aiming to announce all specifics during its third-quarter financial update set for the 10th of November.

Prior news had indicated the company planned to eliminate from 2,000 to 3,000 roles by early November.

Until December 2024, Paramount employed about 18,600 permanent and temporary staff and 3,500 temporary project employees.

The company did not immediately respond to a request for comment.