Skydance Paramount Plans to Remove Nearly 2,000 United States Roles – Update
Paramount Skydance is scheduled to start mass layoffs the week of 27 October, removing about 2,000 American roles under a expense reduction strategy totaling $2bn under CEO David Ellison.
The layoffs are a result of the combination of Skydance Media and Paramount Global, completed this past August worth $8.4bn.
More overseas workforce reductions are anticipated, as the firm planning to announce full details via its Q3 financial results scheduled for November 10.
Previous updates had indicated the company aimed to reduce between 2,000 and 3,000 jobs by early November.
Until December 2024, the company retained almost 18,600 permanent and temporary staff and 3,500 project-based staff.
Paramount Skydance did not immediately respond regarding the report.
