🔗 Share this article Skydance Paramount Set to Cut Approximately 2,000 American Positions – News Paramount Skydance will initiate significant workforce reductions the week of 27 October, removing about 2,000 US jobs as part of a expense reduction strategy valued at $2bn led by top executive David Ellison. These job cuts follow the union between Skydance Media and Paramount Global, completed during August valued at $8.4bn. Additional overseas workforce reductions are expected, as the firm planning to disclose full details during its Q3 financial results on 10 November. Previous updates had indicated that Paramount aimed to eliminate from 2,000 and 3,000 positions before the start of November. By December 2024, Paramount employed nearly 18,600 permanent and temporary staff and 3,500 temporary project employees. The company did not immediately respond on the matter.