🔗 Share this article Skydance Paramount Plans to Remove Nearly 2,000 US Jobs – News Paramount Skydance plans to begin large-scale job cuts during the week starting 27 October, removing about 2,000 positions in the United States under a expense reduction strategy valued at $2bn led by CEO David Ellison. These job cuts are a result of the merger of Skydance Media and Paramount Global, completed during August worth $8.4bn. Additional global layoffs are expected, as the firm planning to announce all specifics via its third-quarter financial update set for the 10th of November. Earlier reports suggested that Paramount was looking to eliminate between 2,000 and 3,000 positions before the start of November. By December 2024, the organization had nearly 18,600 full- and part-time employees and 3,500 project-based staff. The company did not immediately respond on the matter.