🔗 Share this article Skydance Paramount Will Cut Around 2,000 US Jobs – News Paramount Skydance will initiate significant workforce reductions the week of 27 October, eliminating about 2,000 US jobs within a expense reduction strategy totaling $2bn led by new chief executive David Ellison. The layoffs are a result of the combination of Skydance Media and Paramount Global, which closed this past August worth $8.4bn. More global layoffs are likely, with the company intending to disclose all specifics in its third-quarter financial update scheduled for November 10. Previous updates had indicated that Paramount aimed to cut between 2,000 to 3,000 roles by the beginning of next month. Until December 2024, Paramount retained almost 18,600 permanent and temporary staff and 3,500 contract workers. Paramount Skydance has not provided a response to a request for comment.