Home / Business and Economy / Paramount Skydance Cuts 1,000 Jobs After $8.4B Merger
Paramount Skydance Cuts 1,000 Jobs After $8.4B Merger
28 Oct
Summary
- Paramount Skydance to lay off 1,000 employees, 5% of workforce
- Layoffs follow $8.4 billion merger between Skydance Media and Paramount Global
- Paramount Skydance rejected $60 billion offer from Warner Bros Discovery
On October 28, 2025, Paramount Skydance, the newly merged entertainment company, announced plans to initiate a major round of layoffs, cutting approximately 1,000 jobs. This decision follows the completion of the $8.4 billion merger between Skydance Media and Paramount Global, which was finalized earlier this year.
The job cuts are expected to impact roughly 5% of Paramount's workforce, which stood at nearly 18,600 full- and part-time employees, plus an additional 3,500 project-based staff, as of December 2024. The layoffs are part of a broader restructuring effort aimed at streamlining operations and achieving synergies following the merger.
The news of the impending layoffs comes just days after Reuters reported that Paramount Skydance's $60 billion acquisition offer for Warner Bros Discovery had been rejected by the latter's board. Analysts have speculated that the David Ellison-led firm remains the most likely bidder to succeed in a potential future acquisition attempt.
