28 Oct 2025 | 5 Mins Read
Paramount and Skydance announce 1,000 layoffs amidst job cut rumors
Flipitmoney
Paramount Skydance Corp plans to start a major round of 1,000 layoffs on Wednesday, part of its 2,000 job cuts plan, with a second round expected later. Total layoffs aim to achieve a $2 billion cost reduction. Initial layoffs will be in the US, with global job cuts to follow. Details on global workforce reduction are expected in the third-quarter earnings announcement on November 10.