🔗 Share this article Skydance Paramount Plans to Eliminate Approximately 2,000 United States Roles – Update Paramount Skydance plans to start large-scale job cuts beginning on 27 October, cutting nearly 2,000 American roles under a expense reduction strategy valued at $2bn led by top executive David Ellison. The layoffs come after the merger of Skydance Media and Paramount Global, finalized during August valued at $8.4bn. Additional global layoffs are anticipated, with Paramount Skydance planning to announce full details in its third quarter earnings report scheduled for November 10. Previous updates had indicated that Paramount aimed to eliminate from 2,000 to 3,000 roles by early November. Until December 2024, the organization had about 18,600 workers on full-time and part-time contracts along with 3,500 contract workers. Paramount Skydance has not provided a response on the matter.