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Paramount Slashes 1,000 Jobs in Major Restructuring Effort
29 Oct
Summary
- Paramount cuts 1,000 jobs across production, literary, marketing, and music divisions
- President of Worldwide Music Randy Spendlove among high-profile departures
- Paramount Co-Chairs acknowledge "difficult" changes, aim to "right-size" organization
On October 29, 2025, Paramount Pictures announced a significant restructuring effort, resulting in the layoff of 1,000 employees across its production, literary, marketing, and music divisions. The move is part of the studio's plan to achieve $2 billion in overall savings under the new leadership of David Ellison.
Among the high-profile departures is Randy Spendlove, the President of Worldwide Music, who has been with Paramount since 2006. Spendlove, a Grammy winner for his work on the Miramax Best Picture winner "Chicago," also co-supervised the music and co-produced the soundtrack album for "Dreamgirls." Other executives leaving the studio include Bryan Oh, SVP of Production; Geoff Stier, EVP of Production; Andres Alvarez, EVP of Home Entertainment; Rachel Cadden, EVP of International Theatrical Marketing; Christine Benitez, SVP Multicultural Marketing; and Phil Cohen, SVP of Literary Affairs.
In an internal email, Paramount Co-Chairs Dana Golberg and Josh Greenstein acknowledged the "difficult" nature of these changes, expressing gratitude for the departing colleagues' contributions and the impact they've had on the studio. The leadership emphasized the need to "right-size our organization" and "refocus our energy" to align with the "endless opportunities ahead."
The restructuring is expected to continue, with an additional 1,000 jobs set to be cut from the combined Paramount and Skydance workforce of approximately 20,000 employees, primarily affecting the studios' offshore offices.
