🔗 Share this article Skydance Paramount Will Remove Nearly 2,000 United States Roles – Report Paramount Skydance is scheduled to initiate mass layoffs beginning on 27 October, eliminating nearly 2,000 US jobs under a budget-saving initiative valued at $2bn overseen by CEO David Ellison. The workforce reduction follow the combination of Skydance Media and Paramount Global, finalized during August with a value of $8.4bn. More global layoffs are anticipated, with Paramount Skydance intending to disclose all specifics during its Q3 financial results on 10 November. Earlier reports stated the company planned to eliminate between 2,000 and 3,000 positions by early November. As of December 2024, Paramount had nearly 18,600 full- and part-time employees and 3,500 project-based staff. Paramount Skydance has not provided a response to a request for comment.