🔗 Share this article Paramount Skydance Will Eliminate Around 2,000 American Positions – News Skydance Paramount is scheduled to begin large-scale job cuts during the week starting 27 October, eliminating nearly 2,000 US jobs under a cost-cutting plan totaling $2bn overseen by CEO David Ellison. The layoffs are a result of the combination between Skydance Media and Paramount Global, which closed in August worth $8.4bn. Additional overseas workforce reductions are anticipated, with the company intending to reveal full details in its third quarter earnings report scheduled for November 10. Prior news had indicated the firm aimed to reduce between 2,000 and 3,000 jobs by the beginning of next month. Until December 2024, Paramount employed almost 18,600 workers on full-time and part-time contracts and 3,500 project-based staff. The organization has not provided a response regarding the report.