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Paramount to Cut 1,000 Jobs Wednesday in First Round of Layoffs
Paramount Skydance aims to cut 2,000 U.S. jobs to meet $2 billion savings after its $8.4 billion merger, with further international layoffs expected.
- 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.
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Total News Sources38
Leaning Left9Leaning Right4Center13Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 35%
C 50%
15%
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