🔗 Share this article Paramount Skydance Plans to Cut Approximately 2,000 US Jobs – Update Skydance Paramount will initiate large-scale job cuts during the week starting 27 October, cutting about 2,000 US jobs as part of a budget-saving initiative valued at $2bn overseen by top executive David Ellison. These job cuts are a result of the combination of Skydance Media and Paramount Global, finalized this past August valued at $8.4bn. Additional international job cuts are likely, with Paramount Skydance intending to reveal complete information via its third quarter earnings report scheduled for November 10. Previous updates suggested that Paramount aimed to eliminate between 2,000 to 3,000 positions by early November. Until December 2024, Paramount retained nearly 18,600 full- and part-time employees plus 3,500 temporary project employees. The organization has not provided a response to a request for comment.