US studio Paramount Global is set to announce thousands of job cuts following its merger with Skydance this month.
US trade magazine Variety, quoting sources with knowledge of the company’s plans, reported that the layoffs are expected to take place by early November 2025 and will affect between 2,000 to 3,000 employees. For context, Paramount currently employs around 18,600 people.
Alex Millauer
Paramount’s new leadership signalled recently that redundancies are to be expected as it looks to make around $2bn in savings following its $8.4bn merger with Paramount.
Speaking at a press conference earlier in August 2025, Paramount President Jeff Shell said the layoffs would be announced in one go. He stated: “We do not want to be a company that has layoffs every quarter.”
Paramount has also signalled that it plans to invest more heavily in content. A week after Skydance completed its merger, Paramount paid $7bn for an exclusive seven-year deal for the rights to the popular UFC fighting competition.
The company also recently lured the Duffer Brothers, the creators of Stranger Things, over from Netflix with a new four-year exclusive deal to make films and series.
Paramount Global is headed up by CEO David Ellison.
IBC2025 recently announced the latest speakers in its IBC2025 Conference line-up, where speakers from non-traditional media brands such as Snap, TikTok and YouTube will join global giants such as Netflix, Paramount Global and Walt Disney Studios. Discover more here.
Upcoming webinar: Beating the clock on live piracy dynamics
Join IBC365 and Verimatrix at the Attack Vectors, Scale, and the Race for Real-Time Response webinar on 29 July 2026 to discover the latest techniques propelling preventive, real-time strategies against modern piracy.
24 million watch England's World Cup defeat
A peak audience of 24 million watched as Argentina knocked out England in the World Cup semi-final on Wednesday night (July 15) across BBC One and BBC iPlayer, giving the BBC an 85% share of all TV viewing.
Disney+ expands to 58 languages in localisation push
Disney+ expands to 58 languages in localisation push Streaming platform Disney+ is rolling out support for 17 additional languages, bringing its total to 58 audio languages.
Jeremy Clarkson and BBC’s Matt Brittin join RTS London Convention line-up
The Royal Television Society (RTS) has announced a raft of high-profile speakers for its biennial RTS London Convention 2026, which takes place on September 26.
12 US states to block Paramount’s Warner Bros Discovery deal
The Writers Guild of America and a coalition of US states have both filed major antitrust lawsuits to challenge Paramount Skydance’s planned acquisition of Warner Bros. Discovery (WBD).
