🔗 Share this article Skydance Paramount Will Eliminate Around 2,000 United States Roles – News Skydance Paramount will start mass layoffs the week of 27 October, removing about 2,000 positions in the United States as part of a budget-saving initiative valued at $2bn overseen by new chief executive David Ellison. The layoffs come after the combination between Skydance Media and Paramount Global, which closed during August worth $8.4bn. More global layoffs are anticipated, as the firm planning to announce full details via its Q3 financial results set for the 10th of November. Earlier reports had indicated the firm was looking to cut between 2,000 and 3,000 roles before the start of November. By December 2024, Paramount retained about 18,600 full- and part-time employees along with 3,500 project-based staff. The organization has not provided a response on the matter.