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

Paramount Skydance is scheduled to start large-scale job cuts the week of 27 October, eliminating approximately 2,000 US jobs under a budget-saving initiative totaling $2bn under CEO David Ellison.

These job cuts are a result of the combination of Skydance Media and Paramount Global, finalized in August valued at $8.4bn.

Additional overseas workforce reductions are likely, with the company intending to reveal all specifics via its third-quarter financial update set for the 10th of November.

Prior news suggested the company planned to reduce from 2,000 and 3,000 jobs before the start of November.

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

The company has not provided a response regarding the report.