Paramount Plans Significant Workforce Reductions
Insiders say Paramount plans to cut thousands of positions across several divisions after completing its merger with Skydance. The reductions are expected to total roughly 2,000 to 3,000 roles and to be finalized in early November, shortly before the company reports third-quarter 2025 results.
Management Overhaul and Merger Costs
The workforce moves follow a management overhaul tied to the Skydance transaction, which sources estimate cost Paramount up to $8 billion. Skydance founder David Ellison now serves as head chairman and CEO of the combined Paramount Skydance entity.
New Leadership and Strategic Focus
Ellison has already installed new leadership, bringing in former NBCUniversal CEO Jeff Shell as Paramount Skydance president. Executives Cindy Holland, Dana Goldberg and Josh Greenstein have been tapped to oversee streaming and film operations.
Key Franchises Under Ellison's Control
Under Ellison’s control are key Paramount franchises, including Star Trek, SpongeBob SquarePants, Top Gun and Teenage Mutant Ninja Turtles. He has signaled a heavy emphasis on producing film and tel...