Skydance Paramount Will Cut Around 2,000 United States Roles – Update
Skydance Paramount will initiate mass layoffs during the week starting 27 October, cutting approximately 2,000 positions in the United States within a budget-saving initiative valued at $2bn led by top executive David Ellison.
These job cuts follow the combination between Skydance Media and Paramount Global, finalized in August worth $8.4bn.
Further global layoffs are expected, with the company planning to reveal all specifics in its Q3 financial results set for the 10th of November.
Previous updates stated that Paramount planned to cut between 2,000 to 3,000 positions before the start of November.
As of December 2024, the organization had about 18,600 permanent and temporary staff and 3,500 contract workers.
The organization did not immediately respond to a request for comment.
