Skydance Paramount Set to Remove Approximately 2,000 US Jobs – News

Paramount Skydance is scheduled to start large-scale job cuts beginning on 27 October, cutting nearly 2,000 American roles under a cost-cutting plan totaling $2bn under CEO David Ellison.

The workforce reduction are a result of the combination between Skydance Media and Paramount Global, finalized during August valued at $8.4bn.

Additional international job cuts are anticipated, with Paramount Skydance intending to disclose complete information in its third quarter earnings report set for the 10th of November.

Earlier reports had indicated that Paramount planned to cut from 2,000 to 3,000 positions before the start of November.

Until December 2024, Paramount had nearly 18,600 full- and part-time employees and 3,500 temporary project employees.

The organization has not provided a response regarding the report.