Paramount Skydance Set to Eliminate Around 2,000 American Positions – Report

Skydance Paramount is scheduled to initiate mass layoffs the week of 27 October, eliminating nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn overseen by new chief executive David Ellison.

The workforce reduction come after the combination of Skydance Media and Paramount Global, completed this past August valued at $8.4bn.

Further overseas workforce reductions are anticipated, as the firm planning to announce full details via its third-quarter financial update set for the 10th of November.

Previous updates stated that Paramount planned to reduce between 2,000 to 3,000 jobs before the start of November.

As of December 2024, Paramount had nearly 18,600 permanent and temporary staff and 3,500 project-based staff.

The company has not yet commented on the matter.