Paramount Skydance Plans to Cut Around 2,000 US Jobs – News

Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, removing about 2,000 American roles within a budget-saving initiative worth $2bn led by top executive David Ellison.

These job cuts come after the union of Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.

Additional global layoffs are expected, with the company intending to disclose complete information during its Q3 financial results set for the 10th of November.

Earlier reports stated the company was looking to eliminate from 2,000 and 3,000 jobs by early November.

Until December 2024, the company had nearly 18,600 full- and part-time employees along with 3,500 contract workers.

Paramount Skydance has not yet commented on the matter.