Skydance Paramount Plans to Remove Nearly 2,000 American Positions – News

Paramount Skydance is scheduled to initiate mass layoffs during the week starting 27 October, removing nearly 2,000 US jobs under a expense reduction strategy totaling $2bn overseen by CEO David Ellison.

These job cuts are a result of the union of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.

Additional international job cuts are anticipated, with Paramount Skydance planning to reveal complete information in its Q3 financial results set for the 10th of November.

Previous updates stated the company aimed to cut from 2,000 to 3,000 positions by the beginning of next month.

Until December 2024, the organization had nearly 18,600 full- and part-time employees plus 3,500 project-based staff.

The company has not provided a response to a request for comment.