Major Layoffs at Paramount Skydance as Cost-Cutting Measures Intensify

October 27, 2025 - 22:15

Paramount Skydance is set to lay off approximately 1,000 employees this week, according to sources close to the situation. This significant workforce reduction comes as part of a broader strategy by CEO David Ellison aimed at achieving around $2 billion in savings for the company.

The decision to cut jobs reflects the ongoing challenges faced by the entertainment industry, particularly in the wake of changing consumer habits and rising production costs. As streaming services continue to reshape the landscape, companies like Paramount Skydance are forced to reevaluate their operational structures and financial strategies.

This move is expected to impact various departments within the organization, signaling a shift in priorities as the company seeks to streamline operations and enhance profitability. Employees and industry observers alike are watching closely to see how these layoffs will affect the company's creative output and future projects. The coming weeks may reveal more about how Paramount Skydance plans to navigate this turbulent period in the entertainment sector.