🔗 Share this article Paramount Skydance Will Eliminate Around 2,000 American Positions – Update Skydance Paramount is scheduled to initiate large-scale job cuts the week of 27 October, cutting nearly 2,000 American roles as part of a cost-cutting plan valued at $2bn overseen by top executive David Ellison. These job cuts come after the union of Skydance Media and Paramount Global, finalized during August worth $8.4bn. More global layoffs are likely, with Paramount Skydance aiming to disclose full details in its third quarter earnings report on 10 November. Earlier reports stated the company aimed to cut between 2,000 and 3,000 positions by early November. By December 2024, the organization had nearly 18,600 permanent and temporary staff and 3,500 contract workers. The company has not yet commented on the matter.