Paramount Skydance Will Cut Around 2,000 American Positions – Report

Paramount Skydance will begin mass layoffs during the week starting 27 October, eliminating nearly 2,000 positions in the United States under a expense reduction strategy valued at $2bn led by CEO David Ellison.

The layoffs come after the union between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.

More overseas workforce reductions are expected, with the company planning to reveal all specifics during its third quarter earnings report on 10 November.

Previous updates stated the company was looking to cut from 2,000 to 3,000 roles by the beginning of next month.

Until December 2024, the organization retained almost 18,600 permanent and temporary staff and 3,500 temporary project employees.

The company did not immediately respond on the matter.