🔗 Share this article Skydance Paramount Set to Remove Nearly 2,000 United States Roles – Update Paramount Skydance will begin large-scale job cuts during the week starting 27 October, cutting about 2,000 US jobs within a expense reduction strategy valued at $2bn under new chief executive David Ellison. The layoffs are a result of the union of Skydance Media and Paramount Global, finalized this past August valued at $8.4bn. Further overseas workforce reductions are likely, with the company aiming to disclose complete information via its third-quarter financial update set for the 10th of November. Previous updates suggested that Paramount was looking to cut from 2,000 to 3,000 jobs by the beginning of next month. Until December 2024, the organization retained nearly 18,600 workers on full-time and part-time contracts plus 3,500 contract workers. The organization did not immediately respond to a request for comment.