Paramount Skydance Plans to Eliminate Nearly 2,000 United States Roles – Report

Paramount Skydance will start large-scale job cuts the week of 27 October, cutting nearly 2,000 American roles as part of a expense reduction strategy totaling $2bn under new chief executive David Ellison.

These job cuts are a result of the union of Skydance Media and Paramount Global, which closed during August worth $8.4bn.

Further overseas workforce reductions are expected, as the firm planning to reveal all specifics via its third-quarter financial update set for the 10th of November.

Previous updates stated that Paramount aimed to eliminate from 2,000 to 3,000 roles before the start of November.

Until December 2024, Paramount retained about 18,600 full- and part-time employees along with 3,500 temporary project employees.

Paramount Skydance has not yet commented on the matter.