🔗 Share this article Paramount Skydance Plans to Remove Approximately 2,000 United States Roles – Update Skydance Paramount will initiate large-scale job cuts beginning on 27 October, removing nearly 2,000 positions in the United States under a expense reduction strategy worth $2bn overseen by new chief executive David Ellison. The workforce reduction are a result of the merger between Skydance Media and Paramount Global, which closed in August with a value of $8.4bn. Additional overseas workforce reductions are expected, with Paramount Skydance planning to reveal all specifics during its third-quarter financial update scheduled for November 10. Previous updates had indicated the firm planned to cut from 2,000 to 3,000 jobs by the beginning of next month. Until December 2024, Paramount retained nearly 18,600 permanent and temporary staff plus 3,500 temporary project employees. The company has not yet commented to a request for comment.