🔗 Share this article Paramount Skydance Set to Cut Around 2,000 United States Roles – Update Skydance Paramount will initiate large-scale job cuts during the week starting 27 October, eliminating nearly 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn overseen by new chief executive David Ellison. The workforce reduction follow the combination of Skydance Media and Paramount Global, finalized in August with a value of $8.4bn. Further international job cuts are expected, as the firm intending to announce all specifics in its third quarter earnings report scheduled for November 10. Earlier reports suggested the firm planned to cut between 2,000 to 3,000 roles before the start of November. By December 2024, Paramount employed about 18,600 permanent and temporary staff plus 3,500 contract workers. Paramount Skydance has not yet commented on the matter.