Paramount Skydance to eliminate 2,000 US jobs – report

The Guardian•Saturday, October 18, 2025 at 2:12:05 PM

Paramount Skydance is set to lay off around 2,000 employees in the U.S. starting the week of October 27, following a significant $8.4 billion merger with Paramount Global. This move is part of a broader $2 billion cost-cutting strategy under the leadership of new CEO David Ellison. The layoffs highlight the challenges faced by the entertainment industry in the wake of mergers and the need for companies to streamline operations to remain competitive. It's a tough time for many workers, and this decision underscores the ongoing impact of corporate restructuring.

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