Skydance Paramount Plans to Remove Around 2,000 United States Roles – News

Paramount Skydance plans to start large-scale job cuts beginning on 27 October, cutting approximately 2,000 US jobs within a cost-cutting plan valued at $2bn under new chief executive David Ellison.

These job cuts follow the union between Skydance Media and Paramount Global, which closed in August valued at $8.4bn.

More overseas workforce reductions are anticipated, as the firm aiming to disclose all specifics in its third-quarter financial update set for the 10th of November.

Previous updates suggested the firm aimed to eliminate from 2,000 and 3,000 jobs by early November.

By December 2024, the organization employed nearly 18,600 permanent and temporary staff plus 3,500 temporary project employees.

The company has not provided a response on the matter.