Skydance Paramount Set to Remove Approximately 2,000 US Jobs – Report

Paramount Skydance is scheduled to begin significant workforce reductions beginning on 27 October, eliminating approximately 2,000 positions in the United States as part of a budget-saving initiative worth $2bn under new chief executive David Ellison.

These job cuts come after the union between Skydance Media and Paramount Global, completed in August worth $8.4bn.

Additional global layoffs are expected, with the company intending to announce complete information during its third quarter earnings report scheduled for November 10.

Earlier reports stated that Paramount aimed to reduce from 2,000 to 3,000 roles by the beginning of next month.

Until December 2024, the company employed about 18,600 permanent and temporary staff and 3,500 temporary project employees.

Paramount Skydance did not immediately respond on the matter.