Skydance Paramount Set to Cut Nearly 2,000 American Positions – Report

Skydance Paramount plans to initiate mass layoffs the week of 27 October, removing nearly 2,000 American roles under a expense reduction strategy worth $2bn overseen by top executive David Ellison.

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

More global layoffs are anticipated, as the firm intending to reveal full details via its third quarter earnings report on 10 November.

Earlier reports had indicated the firm planned to reduce from 2,000 and 3,000 jobs by early November.

Until December 2024, Paramount employed almost 18,600 permanent and temporary staff along with 3,500 project-based staff.

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