🔗 Share this article Paramount Skydance Will Remove Around 2,000 American Positions – News Skydance Paramount will start large-scale job cuts during the week starting 27 October, cutting nearly 2,000 positions in the United States as part of a expense reduction strategy worth $2bn overseen by new chief executive David Ellison. These job cuts come after the merger between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn. More overseas workforce reductions are expected, with the company aiming to announce all specifics via its third quarter earnings report on 10 November. Previous updates had indicated that Paramount was looking to reduce from 2,000 to 3,000 roles by the beginning of next month. As of December 2024, the organization employed nearly 18,600 full- and part-time employees plus 3,500 contract workers. Paramount Skydance has not provided a response on the matter.