Skydance Paramount Set to Cut Nearly 2,000 United States Roles – News

Skydance Paramount plans to initiate significant workforce reductions the week of 27 October, eliminating about 2,000 US jobs under a expense reduction strategy worth $2bn under new chief executive David Ellison.

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

Additional overseas workforce reductions are likely, with Paramount Skydance planning to reveal complete information via its third-quarter financial update scheduled for November 10.

Prior news suggested the company aimed to cut between 2,000 and 3,000 positions before the start of November.

By December 2024, Paramount had nearly 18,600 full- and part-time employees and 3,500 project-based staff.

The company has not yet commented on the matter.