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

Skydance Paramount will start mass layoffs during the week starting 27 October, cutting about 2,000 positions in the United States as part of a expense reduction strategy worth $2bn led by top executive David Ellison.

These job cuts come after the merger between Skydance Media and Paramount Global, which closed this past August worth $8.4bn.

Further international job cuts are likely, as the firm intending to reveal complete information in its third-quarter financial update on 10 November.

Prior news had indicated that Paramount aimed to cut between 2,000 to 3,000 jobs before the start of November.

As of December 2024, the organization employed nearly 18,600 full- and part-time employees along with 3,500 temporary project employees.

The organization has not yet commented on the matter.