Paramount Skydance Plans to Remove Around 2,000 American Positions – News

Paramount Skydance is scheduled to begin significant workforce reductions the week of 27 October, cutting about 2,000 positions in the United States within a budget-saving initiative totaling $2bn led by top executive David Ellison.

The layoffs come after the merger of Skydance Media and Paramount Global, completed in August worth $8.4bn.

Additional international job cuts are anticipated, as the firm planning to disclose all specifics via its third-quarter financial update on 10 November.

Prior news stated that Paramount planned to eliminate from 2,000 and 3,000 positions before the start of November.

By December 2024, Paramount employed nearly 18,600 full- and part-time employees plus 3,500 temporary project employees.

The organization did not immediately respond to a request for comment.

Margaret Houston
Margaret Houston

A dedicated writer and theologian passionate about sharing faith-based insights and fostering community connections.

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