🔗 Share this article Paramount Skydance Set to Cut Nearly 2,000 United States Roles – Report Skydance Paramount will begin significant workforce reductions beginning on 27 October, cutting nearly 2,000 positions in the United States as part of a expense reduction strategy valued at $2bn under top executive David Ellison. The layoffs are a result of the merger between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn. Further global layoffs are likely, with Paramount Skydance planning to disclose all specifics via its third quarter earnings report set for the 10th of November. Previous updates suggested the company was looking to reduce from 2,000 to 3,000 jobs by early November. As of December 2024, the organization employed nearly 18,600 full- and part-time employees along with 3,500 contract workers. The company has not yet commented to a request for comment.