🔗 Share this article Paramount Skydance Set to Eliminate Approximately 2,000 United States Roles – Report Skydance Paramount plans to begin mass layoffs beginning on 27 October, removing approximately 2,000 positions in the United States within a budget-saving initiative totaling $2bn led by top executive David Ellison. These job cuts follow the merger of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn. Further overseas workforce reductions are anticipated, as the firm planning to disclose complete information during its third-quarter financial update on 10 November. Previous updates stated the firm was looking to cut from 2,000 to 3,000 roles before the start of November. By December 2024, Paramount had nearly 18,600 permanent and temporary staff plus 3,500 temporary project employees. The organization did not immediately respond to a request for comment.