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

Skydance Paramount is scheduled to begin significant workforce reductions beginning on 27 October, removing about 2,000 American roles within a cost-cutting plan totaling $2bn under CEO David Ellison.

These job cuts come after the merger between Skydance Media and Paramount Global, completed during August with a value of $8.4bn.

More international job cuts are expected, as the firm aiming to announce complete information in its third quarter earnings report on 10 November.

Previous updates stated the firm planned to reduce between 2,000 and 3,000 jobs by the beginning of next month.

As of December 2024, the company had almost 18,600 permanent and temporary staff along with 3,500 project-based staff.

The organization did not immediately respond on the matter.