🔗 Share this article Paramount Skydance Will Cut Approximately 2,000 United States Roles – Update Paramount Skydance will initiate mass layoffs beginning on 27 October, eliminating nearly 2,000 American roles within a cost-cutting plan totaling $2bn under new chief executive David Ellison. These job cuts follow the merger of Skydance Media and Paramount Global, which closed this past August worth $8.4bn. Further international job cuts are likely, with Paramount Skydance aiming to reveal full details in its Q3 financial results on 10 November. Earlier reports had indicated that Paramount was looking to cut between 2,000 to 3,000 jobs by early November. By December 2024, the company had about 18,600 full- and part-time employees plus 3,500 temporary project employees. The company has not provided a response on the matter.