🔗 Share this article Paramount Skydance Plans to Cut Around 2,000 American Positions – Report Skydance Paramount is scheduled to begin mass layoffs the week of 27 October, removing approximately 2,000 American roles under a cost-cutting plan worth $2bn led by top executive David Ellison. These job cuts come after the union between Skydance Media and Paramount Global, completed in August with a value of $8.4bn. Additional international job cuts are likely, with Paramount Skydance intending to reveal all specifics via its third quarter earnings report set for the 10th of November. Prior news suggested the company was looking to reduce between 2,000 to 3,000 jobs by early November. Until December 2024, the organization employed almost 18,600 permanent and temporary staff plus 3,500 contract workers. The company has not yet commented regarding the report.