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

Skydance Paramount will begin significant workforce reductions during the week starting 27 October, removing about 2,000 US jobs within a expense reduction strategy worth $2bn overseen by CEO David Ellison.

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

More international job cuts are anticipated, with Paramount Skydance planning to announce complete information during its third quarter earnings report set for the 10th of November.

Prior news had indicated that Paramount planned to cut between 2,000 and 3,000 jobs by the beginning of next month.

As of December 2024, the company employed about 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees.

Paramount Skydance did not immediately respond regarding the report.