🔗 Share this article Skydance Paramount Plans to Eliminate Nearly 2,000 American Positions – Report Skydance Paramount plans to initiate large-scale job cuts during the week starting 27 October, eliminating approximately 2,000 US jobs within a expense reduction strategy valued at $2bn led by CEO David Ellison. The workforce reduction come after the union between Skydance Media and Paramount Global, finalized in August valued at $8.4bn. Additional international job cuts are expected, with the company intending to disclose full details via its third quarter earnings report scheduled for November 10. Earlier reports suggested the company aimed to reduce from 2,000 to 3,000 positions by early November. Until December 2024, Paramount had about 18,600 full- and part-time employees and 3,500 temporary project employees. The organization did not immediately respond regarding the report.