Paramount Skydance Plans to Remove Approximately 2,000 United States Roles – News

Skydance Paramount plans to initiate mass layoffs the week of 27 October, eliminating nearly 2,000 US jobs within a expense reduction strategy valued at $2bn overseen by CEO David Ellison.

The layoffs follow the union of Skydance Media and Paramount Global, completed during August worth $8.4bn.

Further overseas workforce reductions are anticipated, with Paramount Skydance planning to disclose all specifics during its third quarter earnings report set for the 10th of November.

Earlier reports suggested the firm planned to eliminate between 2,000 and 3,000 jobs by early November.

By December 2024, the organization retained about 18,600 full- and part-time employees plus 3,500 contract workers.

The organization did not immediately respond on the matter.