🔗 Share this article Paramount Skydance Will Cut Nearly 2,000 US Jobs – Report Skydance Paramount is scheduled to initiate significant workforce reductions during the week starting 27 October, removing approximately 2,000 positions in the United States under a budget-saving initiative valued at $2bn under new chief executive David Ellison. The layoffs are a result of the combination of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn. Additional global layoffs are expected, as the firm planning to announce all specifics in its Q3 financial results scheduled for November 10. Earlier reports stated the company planned to eliminate between 2,000 and 3,000 positions by the beginning of next month. As of December 2024, Paramount retained almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers. The company has not provided a response regarding the report.