🔗 Share this article Skydance Paramount Plans to Eliminate Nearly 2,000 American Positions – Update Paramount Skydance will start mass layoffs the week of 27 October, removing nearly 2,000 American roles as part of a cost-cutting plan worth $2bn under CEO David Ellison. These job cuts follow the combination between Skydance Media and Paramount Global, completed this past August with a value of $8.4bn. Additional global layoffs are expected, with the company intending to disclose full details during its Q3 financial results set for the 10th of November. Earlier reports suggested that Paramount was looking to reduce from 2,000 and 3,000 positions by early November. As of December 2024, Paramount had nearly 18,600 permanent and temporary staff plus 3,500 contract workers. The organization has not provided a response regarding the report.