🔗 Share this article Paramount Skydance Plans to Remove Nearly 2,000 American Positions – Update Paramount Skydance plans to begin mass layoffs during the week starting 27 October, eliminating approximately 2,000 positions in the United States as part of a budget-saving initiative worth $2bn under new chief executive David Ellison. These job cuts follow the union between Skydance Media and Paramount Global, which closed in August valued at $8.4bn. More overseas workforce reductions are expected, as the firm aiming to announce all specifics during its third-quarter financial update on 10 November. Previous updates stated the company planned to cut from 2,000 and 3,000 jobs before the start of November. By December 2024, the company employed almost 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff. The organization has not yet commented on the matter.