Paramount Skydance Set to Cut Around 2,000 American Positions – News

Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, cutting about 2,000 positions in the United States under a budget-saving initiative totaling $2bn led by CEO David Ellison.

The workforce reduction come after the combination between Skydance Media and Paramount Global, completed in August valued at $8.4bn.

More international job cuts are anticipated, with the company intending to announce full details in its third-quarter financial update set for the 10th of November.

Previous updates suggested the firm planned to reduce from 2,000 and 3,000 jobs before the start of November.

By December 2024, the company had nearly 18,600 full- and part-time employees along with 3,500 contract workers.

The company did not immediately respond regarding the report.