The studio faces another round of major cuts amid restructuring efforts and ongoing takeover talks with David Ellison’s Skydance Media.

Paramount Faces Another Wave of Job Cuts

November 11, 2025: Paramount Global is preparing for another sweeping round of layoffs — this time impacting approximately 1,600 employees — as the company continues to streamline operations amid mounting financial pressure and restructuring under David Ellison’s team at Skydance Media.

The cuts, expected to hit departments across film, television, and streaming divisions, come as part of Paramount’s broader cost-saving initiative following its merger negotiations and management overhaul. Insiders say the layoffs are aimed at aligning the company’s structure with Ellison’s long-term vision for a more focused, digital-first entertainment strategy.

Restructuring Under New Leadership

David Ellison, the CEO of Skydance Media, has taken a hands-on role since the company’s merger discussions began earlier this year. Ellison and his executive team have reportedly been conducting a top-to-bottom review of Paramount’s operations — from Paramount Pictures and CBS to streaming platform Paramount+.

According to sources, the latest job reductions are part of a phased integration plan designed to eliminate redundancies and reallocate resources toward high-performing divisions. While some roles in creative development will remain protected, marketing, administration, and regional operations are expected to be most affected.

Focus on Profitability and Streaming Stability

Like many legacy media giants, Paramount has been grappling with declining linear television revenues and increased competition in the streaming market. Despite recent content hits and growth at Paramount+, profitability remains a challenge.

The company is now shifting focus toward streamlining production pipelines, investing in high-yield franchises, and strengthening global distribution. Ellison’s approach reportedly prioritizes leaner operations and strategic partnerships to keep pace with industry shifts.

A Difficult Moment for Employees

This latest round of layoffs follows previous cuts earlier this year that affected hundreds of workers across Paramount’s New York and Los Angeles offices. The mood among staff has been described as tense, with uncertainty surrounding which divisions will face the heaviest impact.

Executives are expected to address the workforce later this week with more details about severance packages and the company’s next steps.

Looking Ahead

As Ellison’s Skydance team continues to shape the new era of Paramount, the industry watches closely to see how these strategic moves will position the storied studio in an increasingly competitive entertainment landscape.

While the transition promises long-term stability and modernization, the immediate cost — both financial and human — highlights the difficult balance between innovation and preservation in Hollywood’s ongoing evolution.