Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as part of a $2 billion cost-cutting plan under new CEO David Ellison , Variety reported on Saturday.

The layoffs follow the $8.4 billion merger between Skydance Media and Paramount Global , which closed in August.

Additional international job cuts are expected, with the company aiming to disclose full details in its third quarter earnings report on November 10, the report added.

Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs following their $8.4 billion merger. REUTERS

Variety had reported on August 22 that Paramount was looking to cut between 2,000 and 3,000 jobs by early November .

As of December 2024, Paramount had nea

See Full Page