Paramount to lay off 2,000 workers shortly after merging with Skydance

Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.

Paramount to lay off 2,000 employees shortly after its merger with Skydance

In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees. Paramount initiated roughly 1,000 of those layoffs company-wide on Wednesday,

Paramount lays off 1,000 workers in first round of cuts

The restructuring comes two and a half months after David Ellison's Skydance Media completed its acquisition of Paramount.

Paramount Television Studios Head Matt Thunell Sets Leadership Team

The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date

Paramount begins steep layoffs as David Ellison reshapes the media giant

Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.

Paramount Layoffs Begin: David Ellison Tells Staff Restructuring Required to Address “Evolving Priorities”

About 1,000 roles are expected to be impacted this week, ahead of the new owner's first earnings call as Paramount CEO in November.

Paramount to Lay Off 2,000 Employees

Paramount on Wednesday began laying off more than 2,000 employees, a long-awaited consequence of its merger with the Hollywood studio Skydance.

Paramount Skydance begins layoffs, plans to slash about 2,000 jobs

The widely anticipated layoffs come just months after the Trump administration greenlit the creation of the company following Skydance’s bid for the storied entertainment group.

Paramount signs 10-year lease for a New Jersey production facility

Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey. The move will allow the media company to qualify for the state's tax incentives.
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Nearly 2,000 Paramount Employees Were Laid Off, Including Some Under CBS, But This Producer Questions If They Were ‘Race-Based Layoffs’

Former CBS producer Trey Sherman is accusing his employer of only laying off people of color on his team.
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