Skydance Paramount Will Cut Nearly 2,000 United States Roles – Report

Paramount Skydance will start 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 top executive David Ellison.

The workforce reduction follow the combination of Skydance Media and Paramount Global, which closed in August valued at $8.4bn.

Additional global layoffs are likely, with the company planning to announce all specifics during its third-quarter financial update on 10 November.

Previous updates had indicated the company aimed to cut from 2,000 and 3,000 jobs by early November.

As of December 2024, the organization retained about 18,600 full- and part-time employees along with 3,500 project-based staff.

The company has not provided a response to a request for comment.