🔗 Share this article Paramount Skydance Will Eliminate Around 2,000 United States Roles – News Skydance Paramount is scheduled to begin large-scale job cuts during the week starting 27 October, removing approximately 2,000 US jobs under a budget-saving initiative worth $2bn led by new chief executive David Ellison. The workforce reduction follow the union between Skydance Media and Paramount Global, finalized during August with a value of $8.4bn. Further global layoffs are anticipated, with the company aiming to disclose full details in its Q3 financial results set for the 10th of November. Earlier reports had indicated that Paramount was looking to reduce between 2,000 to 3,000 roles by the beginning of next month. By December 2024, the organization had about 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff. Paramount Skydance did not immediately respond on the matter.