🔗 Share this article Paramount Skydance Plans to Cut Nearly 2,000 American Positions – Update Skydance Paramount is scheduled to start mass layoffs beginning on 27 October, removing approximately 2,000 American roles as part of a cost-cutting plan worth $2bn led by top executive David Ellison. These job cuts come after the union of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn. Additional global layoffs are anticipated, as the firm planning to announce complete information during its Q3 financial results scheduled for November 10. Prior news suggested that Paramount was looking to eliminate between 2,000 to 3,000 roles by early November. As of December 2024, the company retained almost 18,600 workers on full-time and part-time contracts and 3,500 temporary project employees. The organization has not yet commented to a request for comment.