Paramount Skydance Plans to Eliminate Approximately 2,000 American Positions – Update

Skydance Paramount is scheduled to start large-scale job cuts during the week starting 27 October, removing approximately 2,000 American roles as part of a budget-saving initiative valued at $2bn led by top executive David Ellison.

The layoffs are a result of the combination of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.

Further international job cuts are likely, with Paramount Skydance planning to disclose all specifics via its Q3 financial results set for the 10th of November.

Prior news suggested the company aimed to eliminate from 2,000 and 3,000 roles before the start of November.

As of December 2024, the company retained about 18,600 permanent and temporary staff plus 3,500 project-based staff.

The organization has not provided a response regarding the report.