🔗 Share this article Paramount Skydance Set to Eliminate Nearly 2,000 US Jobs – Update Paramount Skydance will start large-scale job cuts the week of 27 October, removing nearly 2,000 US jobs as part of a budget-saving initiative valued at $2bn under new chief executive David Ellison. These job cuts come after the union between Skydance Media and Paramount Global, completed in August with a value of $8.4bn. Additional global layoffs are likely, with the company planning to announce complete information via its Q3 financial results on 10 November. Earlier reports had indicated the firm aimed to reduce from 2,000 to 3,000 roles before the start of November. By December 2024, the company employed about 18,600 permanent and temporary staff plus 3,500 temporary project employees. The organization has not yet commented regarding the report.