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Paramount Skydance to Lay Off About 1,000 Employees This Week, With Additional Cuts Expected Later
Layoffs are coming down at Paramount Skydance this week, with the freshly merged company looking to slash 1,000 jobs in the U.S. on Wednesday, Oct. 29
Paramount Skydance has just signed a 10-year lease for Bayonne’s 1888 Studios. Paramount is set to occupy more than 285,000 square feet of the planned 58-acre facility, which will have 1.1 million square feet of production space and 23 smart sound stages.
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Paramount to Slash 1,000 Jobs Amid Post-Merger Shakeup
Paramount Skydance is set to lay off around 1,000 employees this week, mostly in the U.S., Variety has confirmed. Sources say this is only the first round of cuts, with additional layoffs expected later.
At a press conference on August 7 following the merger’s close, Jeff Shell, former NBCUniversal CEO and now president of Paramount Skydance, told reporters that cost-cutting measures would be implemented “as swiftly as possible.” He added that updates would be disclosed by the company’s third-quarter earnings report on November 10.
Paramount Plus’s new TV and movie releases for October 27-November 2, 2025, include Don’t Date Brandon and Love & Hip-Hop Atlanta Season 12. Tuesday, October 28, 2025, brings Don’t Date Brandon to Paramount Plus.
Jon Stewart returned to 'The Daily Show' in 2024 and opened up about his plans following Paramount's merger with Skydance.