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

Skydance Paramount plans to initiate large-scale job cuts beginning on 27 October, cutting approximately 2,000 US jobs under a budget-saving initiative totaling $2bn overseen by top executive David Ellison.

The workforce reduction follow the union of Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.

Additional global layoffs are expected, with Paramount Skydance intending to reveal all specifics during its third-quarter financial update set for the 10th of November.

Earlier reports stated the company aimed to reduce from 2,000 and 3,000 jobs before the start of November.

As of December 2024, the organization had about 18,600 full- and part-time employees plus 3,500 contract workers.

Paramount Skydance has not provided a response regarding the report.