🔗 Share this article Skydance Paramount Set to Remove Approximately 2,000 American Positions – Report Skydance Paramount is scheduled to start large-scale job cuts beginning on 27 October, eliminating approximately 2,000 US jobs within a budget-saving initiative worth $2bn led by CEO David Ellison. The layoffs are a result of the union of Skydance Media and Paramount Global, finalized during August valued at $8.4bn. Additional overseas workforce reductions are expected, with Paramount Skydance planning to announce all specifics via its third quarter earnings report on 10 November. Prior news suggested the firm was looking to reduce between 2,000 to 3,000 jobs by the beginning of next month. As of December 2024, Paramount employed about 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees. Paramount Skydance has not yet commented regarding the report.