US EditionParamount to Cut 1,000 Jobs Wednesday in First Round of Layoffs
Paramount Skydance aims to save $2 billion post-merger by cutting 1,000 U.S. jobs initially, with a second round expected to reach 2,000 layoffs according to sources.
- On Oct. 29, Paramount Skydance will lay off about 1,000 workers, Deadline and Variety confirmed.
- Executives pledged $2 billion in cost savings after the merger closed two-plus months earlier, with layoffs forming part of the post-close integration plan.
- Building on late-2024 reductions that trimmed rolls by about 15%, Paramount Skydance expects to eliminate around 2,000 jobs in the U.S. across planned rounds.
- Most affected staff are U.S.-based, with international divisions planning cutbacks in the coming weeks, and Paramount Skydance will report Q3 results on Nov. 10.
47 Articles
47 Articles
Paramount Skydance cutting nearly 200 more jobs in Hollywood
Paramount, which just completed an $8 billion merger with Skydance Media, filed plans to lay off 197 workers at studios in the Hollywood area — part of larger layoffs already underway in the region and elsewhere. The company already laid off nearly 300 workers locally Aug. 9 in anticipation of the merger’s completion two days before, according to records filed with the state’s Employment Development Department. And in October, Paramount Skydance…
Paramount Skydance cutting nearly 200 jobs in Hollywood
Paramount, which just completed an $8 billion merger with Skydance Media, is laying off 197 workers at studios in the Hollywood area — part of larger job cuts already underway in the region and elsewhere. The company already laid off nearly 300 local workers Aug. 9 in anticipation of the merger’s completion two days before, according to records filed with the state’s Employment Development Department. And in October, Paramount Skydance Corp. ini…
Paramount Skydance cutting nearly 200 more jobs in Hollywood
Paramount, which just completed an $8 billion merger with Skydance Media, is laying off 197 workers at studios in the Hollywood area — part of larger job cuts already underway in the region and elsewhere. The company already laid off nearly 300 local workers Aug. 9 in anticipation of the merger’s completion two days before, according to records filed with the state’s Employment Development Department. And in October, Paramount Skydance Corp. ini…
Paramount Skydance cutting nearly 200 more jobs in Hollywood
Paramount, which just completed an $8 billion merger with Skydance Media, is laying off 197 workers at studios in the Hollywood area — part of larger job cuts already underway in the region and elsewhere. The company already laid off nearly 300 local workers Aug. 9 in anticipation of the merger’s completion two days before, according to records filed with the state’s Employment Development Department. And in October, Paramount Skydance Corp. ini…
Paramount Skydance cutting nearly 200 jobs in Hollywood
Paramount, which just completed an $8 billion merger with Skydance Media, is laying off 197 workers at studios in the Hollywood area — part of larger job cuts already underway in the region and elsewhere. The company already laid off nearly 300 local workers Aug. 9 in anticipation of the merger’s completion two days before, according to records filed with the state’s Employment Development Department. And in October, Paramount Skydance Corp. ini…
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