🔗 Share this article Paramount Skydance Will Remove Around 2,000 United States Roles – Update Skydance Paramount is scheduled to begin significant workforce reductions the week of 27 October, eliminating nearly 2,000 American roles within a budget-saving initiative worth $2bn led by CEO David Ellison. The workforce reduction follow the union of Skydance Media and Paramount Global, completed during August with a value of $8.4bn. More global layoffs are anticipated, with Paramount Skydance intending to disclose all specifics via its third-quarter financial update set for the 10th of November. Earlier reports had indicated the firm aimed to cut between 2,000 to 3,000 jobs by the beginning of next month. As of December 2024, the company employed almost 18,600 full- and part-time employees plus 3,500 temporary project employees. The company has not yet commented on the matter.