🔗 Share this article Paramount Skydance Will Cut Around 2,000 US Jobs – News Skydance Paramount is scheduled to initiate mass layoffs the week of 27 October, removing approximately 2,000 positions in the United States as part of a cost-cutting plan worth $2bn overseen by new chief executive David Ellison. The layoffs are a result of the merger between Skydance Media and Paramount Global, completed during August worth $8.4bn. More overseas workforce reductions are expected, as the firm intending to announce full details in its third-quarter financial update on 10 November. Earlier reports had indicated the firm aimed to cut between 2,000 to 3,000 positions before the start of November. By December 2024, the organization had almost 18,600 permanent and temporary staff and 3,500 project-based staff. Paramount Skydance has not provided a response to a request for comment.