Paramount Skydance Will Cut Approximately 2,000 US Jobs – Report

Paramount Skydance is scheduled to start large-scale job cuts beginning on 27 October, cutting about 2,000 positions in the United States within a budget-saving initiative totaling $2bn under new chief executive David Ellison.

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

More overseas workforce reductions are expected, as the firm aiming to announce all specifics during its third quarter earnings report on 10 November.

Earlier reports had indicated the firm aimed to reduce from 2,000 and 3,000 positions before the start of November.

Until December 2024, the organization employed nearly 18,600 permanent and temporary staff plus 3,500 contract workers.

The organization has not provided a response regarding the report.