Television Industry

Paramount Skydance launches major layoffs across TV divisions

October 29, 2025 Ti AI ṣe iroyin Àwòrán tí AI ṣe

Paramount Skydance has initiated a round of approximately 1,000 layoffs on October 29, 2025, targeting redundancies and roles misaligned with new priorities following its merger with Skydance. The cuts affect CBS News, CBS Entertainment, Paramount+, MTV, and other units, with another 1,000 jobs expected soon, reducing the workforce by about 10%. CEO David Ellison described the moves as necessary for long-term success in a memo to employees.