Skydance Paramount Will Eliminate Nearly 2,000 American Positions – Report

Paramount Skydance plans to begin large-scale job cuts during the week starting 27 October, eliminating nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn overseen by top executive David Ellison.

These job cuts follow the merger of Skydance Media and Paramount Global, finalized this past August valued at $8.4bn.

More global layoffs are anticipated, with the company aiming to reveal full details during its third quarter earnings report set for the 10th of November.

Earlier reports suggested the company was looking to reduce from 2,000 and 3,000 positions before the start of November.

Until December 2024, the company employed almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.

The organization did not immediately respond to a request for comment.