Skydance Paramount Set to Eliminate Approximately 2,000 United States Roles – Report

Skydance Paramount plans to begin significant workforce reductions during the week starting 27 October, removing approximately 2,000 American roles under a expense reduction strategy valued at $2bn overseen by CEO David Ellison.

These job cuts are a result of the union of Skydance Media and Paramount Global, completed in August valued at $8.4bn.

Further overseas workforce reductions are likely, with the company aiming to reveal full details in its third-quarter financial update scheduled for November 10.

Previous updates suggested the company aimed to cut between 2,000 and 3,000 jobs before the start of November.

As of December 2024, Paramount employed about 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees.

The company did not immediately respond regarding the report.