Skydance Paramount Will Remove Approximately 2,000 American Positions – Update

Paramount Skydance will begin significant workforce reductions the week of 27 October, removing about 2,000 positions in the United States as part of a cost-cutting plan worth $2bn under top executive David Ellison.

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

More overseas workforce reductions are likely, as the firm aiming to reveal full details via its third-quarter financial update set for the 10th of November.

Prior news stated the firm planned to reduce between 2,000 and 3,000 positions before the start of November.

By December 2024, the company had nearly 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.

The organization has not yet commented to a request for comment.