Film & TV

Paramount to Cut 2,000 Jobs Following Merger With Skydance

The reductions represent about 10 percent of the New York-based company’s total workforce.
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Paramount to Cut 2,000 Jobs Following Merger With Skydance
Paramount Global and Skydance logos are seen in this illustration taken on Dec. 17, 2024. Dado Ruvic/Reuters
Haika Mrema
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Paramount Global is cutting approximately 2,000 jobs, marking one of the first major restructuring moves since the media giant completed its $8 billion merger with Skydance Media in August.
Roughly half of the planned layoffs, about 1,000 positions, were initiated across the company on Wednesday, according to a source familiar with the matter. The remaining cuts are expected to take place in the coming weeks.
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Haika Mrema
Haika Mrema
Author
Haika Mrema is a freelance entertainment reporter for The Epoch Times. She is an experienced writer and has covered entertainment and higher-education content for platforms such as Campus Reform and Media Research Center. She holds a B.B.A. from Baylor University where she majored in marketing.