Paramount Skydance to start cutting thousands of jobs from next week
CEO David Ellison is planning to make over A$3 billion in cuts
Network 10’s newly merged parent company Paramount Skydance is planning to make thousands of redundancies, starting from the week of October 27, as part of a global effort to cut north of A$3 billion.
Variety reports that around 2,000 jobs will be lost in the US alone, with “additional layoffs internationally.” According to Paramount’s most recent securities filing, the company had 18,600 employees in 32 countries at the end of 2024. In June, ahead of the expected merger, it cut 3.5% of its US staff.
Skydance had around 500 employees at merge, according to its company website.
