Skydance Paramount Set to Cut Approximately 2,000 American Positions – Report

Paramount Skydance plans to initiate mass layoffs during the week starting 27 October, cutting about 2,000 American roles within a budget-saving initiative totaling $2bn overseen by top executive David Ellison.

The workforce reduction come after the merger of Skydance Media and Paramount Global, which closed in August worth $8.4bn.

Additional overseas workforce reductions are anticipated, with Paramount Skydance planning to reveal complete information via its third quarter earnings report set for the 10th of November.

Earlier reports had indicated the company was looking to eliminate between 2,000 and 3,000 roles before the start of November.

As of December 2024, Paramount had almost 18,600 full- and part-time employees and 3,500 contract workers.

The company did not immediately respond regarding the report.