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Paramount to Lay Off 2,000 Amid Cost-Cutting Push

10/18/2025

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Summary

Story summary

Paramount plans layoffs as early as the week of October 27, cutting about 2,000 of its 18,600-plus employees.
The cuts form part of a broader cost-cutting drive tied to the Skydance acquisition and precede an earnings call led by David Ellison, Paramount's CEO, on November 10.
Ellison and President Jeff Shell reaffirm growth, citing a $7.7 billion UFC rights deal.
Industry observers monitor potential implications for Paramount's future.

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Story summary

Paramount plans layoffs as early as the week of October 27, cutting about 2,000 of its 18,600-plus employees.
The cuts form part of a broader cost-cutting drive tied to the Skydance acquisition and precede an earnings call led by David Ellison, Paramount's CEO, on November 10.
Ellison and President Jeff Shell reaffirm growth, citing a $7.7 billion UFC rights deal.
Industry observers monitor potential implications for Paramount's future.