Skydance Merger

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Employees leaving Paramount Skydance offices with boxes amid major layoffs in TV divisions.
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Paramount Skydance launches major layoffs across TV divisions

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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.

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