After closing its merger with Skydance this month, Paramount is poised to enact deep staffing cuts across its various divisions, sources with knowledge of the company’s plans say. The layoffs are expected to take place by early November and will affect between 2,000 to 3,000 employees, though the numbers could vary. The timing aligns with when Paramount is scheduled to report its third quarter 2025 earnings.

The losses were expected with Paramount’s new leadership signaling publicly that they were hoping to realize more than $2 billion in cost synergies post-merger . As part of the $8 billion deal with Skydance, the company’s founder David Ellison took over as Paramount Skydance ‘s CEO and chairman. He has instituted a new team of top executives that includes Jeff Shell, the forme

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