🔗 Share this article Paramount Skydance Set to Eliminate Approximately 2,000 United States Roles – Report Skydance Paramount is scheduled to initiate large-scale job cuts during the week starting 27 October, eliminating nearly 2,000 US jobs under a budget-saving initiative valued at $2bn overseen by top executive David Ellison. The workforce reduction come after the merger of Skydance Media and Paramount Global, completed during August worth $8.4bn. Further international job cuts are likely, with the company planning to announce all specifics during its third-quarter financial update set for the 10th of November. Previous updates suggested that Paramount planned to cut between 2,000 and 3,000 roles before the start of November. As of December 2024, Paramount employed about 18,600 permanent and temporary staff along with 3,500 contract workers. Paramount Skydance has not provided a response on the matter.