🔗 Share this article Skydance Paramount Set to Remove Nearly 2,000 United States Roles – Update Skydance Paramount will initiate mass layoffs beginning on 27 October, eliminating approximately 2,000 US jobs within a expense reduction strategy valued at $2bn under CEO David Ellison. The layoffs come after the union between Skydance Media and Paramount Global, completed in August with a value of $8.4bn. Additional overseas workforce reductions are expected, with Paramount Skydance intending to announce all specifics during its third quarter earnings report set for the 10th of November. Prior news suggested that Paramount planned to reduce from 2,000 and 3,000 jobs by early November. As of December 2024, the company had almost 18,600 full- and part-time employees along with 3,500 temporary project employees. Paramount Skydance has not yet commented on the matter.