🔗 Share this article Paramount Skydance Set to Remove Around 2,000 American Positions – Update Skydance Paramount will start mass layoffs beginning on 27 October, removing approximately 2,000 positions in the United States under a expense reduction strategy worth $2bn under top executive David Ellison. The layoffs follow the merger between Skydance Media and Paramount Global, which closed in August valued at $8.4bn. Further overseas workforce reductions are likely, as the firm aiming to reveal complete information during its third quarter earnings report set for the 10th of November. Prior news suggested that Paramount planned to eliminate from 2,000 and 3,000 jobs before the start of November. Until December 2024, the company had about 18,600 permanent and temporary staff plus 3,500 temporary project employees. The company has not provided a response on the matter.