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Paramount Skydance Slashes 1,000 Jobs After $8.4B Merger

10/28/2025

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Summary

Story summary

Paramount Skydance will cut about 1,000 U.S. jobs on October 29.
The cuts follow an $8.4 billion merger with Paramount Global.
The reduction amounts to about 5% of the workforce, which stood at nearly 18,600 as of December 2024.
The job cuts are part of a plan to reduce costs by up to $2 billion.
Further layoffs are anticipated as Paramount Skydance prepares to report third-quarter results on November 10.

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Story summary

Paramount Skydance will cut about 1,000 U.S. jobs on October 29.
The cuts follow an $8.4 billion merger with Paramount Global.
The reduction amounts to about 5% of the workforce, which stood at nearly 18,600 as of December 2024.
The job cuts are part of a plan to reduce costs by up to $2 billion.
Further layoffs are anticipated as Paramount Skydance prepares to report third-quarter results on November 10.