Paramount Skydance to cut more than 1,000 employees

NBC NewsWednesday, October 29, 2025 at 12:15:12 PM
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Paramount Skydance to cut more than 1,000 employees
Paramount has announced significant layoffs, cutting more than 1,000 employees, as revealed in a memo from CEO David Ellison. This decision comes shortly after the Trump administration approved a contentious $8 billion merger with Skydance, a move that aims to transform the media landscape. The layoffs highlight the challenges facing the entertainment industry and raise concerns about job security in a rapidly changing environment.
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