🔗 Share this article Skydance Paramount Set to Eliminate Approximately 2,000 US Jobs – News Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, removing about 2,000 positions in the United States under a budget-saving initiative worth $2bn led by CEO David Ellison. The layoffs follow the union between Skydance Media and Paramount Global, finalized during August valued at $8.4bn. More overseas workforce reductions are likely, with Paramount Skydance aiming to disclose complete information via its third quarter earnings report set for the 10th of November. Earlier reports suggested the firm aimed to reduce between 2,000 to 3,000 roles by the beginning of next month. Until December 2024, the company had nearly 18,600 permanent and temporary staff and 3,500 project-based staff. The company has not yet commented on the matter.