🔗 Share this article Paramount Skydance Plans to Cut Nearly 2,000 American Positions – Update Skydance Paramount plans to begin large-scale job cuts beginning on 27 October, removing about 2,000 US jobs under a cost-cutting plan valued at $2bn under new chief executive David Ellison. The layoffs follow the combination between Skydance Media and Paramount Global, completed in August valued at $8.4bn. Further international job cuts are expected, as the firm aiming to disclose complete information in its Q3 financial results set for the 10th of November. Prior news stated the firm aimed to eliminate between 2,000 and 3,000 positions by early November. By December 2024, the company had about 18,600 permanent and temporary staff along with 3,500 project-based staff. Paramount Skydance did not immediately respond on the matter.