🔗 Share this article Paramount Skydance Will Cut Nearly 2,000 American Positions – Report Skydance Paramount is scheduled to begin significant workforce reductions during the week starting 27 October, eliminating approximately 2,000 US jobs within a expense reduction strategy valued at $2bn under CEO David Ellison. These job cuts are a result of the combination between Skydance Media and Paramount Global, finalized this past August worth $8.4bn. Additional international job cuts are anticipated, as the firm aiming to announce complete information via its Q3 financial results set for the 10th of November. Prior news had indicated the firm was looking to eliminate from 2,000 to 3,000 positions before the start of November. By December 2024, Paramount employed nearly 18,600 workers on full-time and part-time contracts plus 3,500 temporary project employees. The company did not immediately respond on the matter.