🔗 Share this article Paramount Skydance Plans to Remove Around 2,000 United States Roles – Report Paramount Skydance plans to begin large-scale job cuts the week of 27 October, removing approximately 2,000 US jobs within a budget-saving initiative valued at $2bn led by new chief executive David Ellison. The layoffs are a result of the merger of Skydance Media and Paramount Global, completed in August worth $8.4bn. Additional international job cuts are anticipated, as the firm intending to reveal all specifics via its Q3 financial results set for the 10th of November. Previous updates stated that Paramount was looking to eliminate from 2,000 to 3,000 jobs by early November. By December 2024, Paramount retained nearly 18,600 full- and part-time employees along with 3,500 project-based staff. The company has not provided a response to a request for comment.