🔗 Share this article Skydance Paramount Plans to Cut Around 2,000 US Jobs – Update Paramount Skydance will begin significant workforce reductions beginning on 27 October, cutting about 2,000 American roles within a budget-saving initiative totaling $2bn led by CEO David Ellison. The workforce reduction come after the union of Skydance Media and Paramount Global, which closed during August worth $8.4bn. Additional international job cuts are anticipated, with the company planning to disclose full details in its third-quarter financial update on 10 November. Prior news suggested that Paramount planned to eliminate between 2,000 to 3,000 positions before the start of November. Until December 2024, Paramount had almost 18,600 permanent and temporary staff along with 3,500 contract workers. The company did not immediately respond to a request for comment.