After formally merging with Skydance Media, Paramount International is bracing for upcoming layoffs. The businesses formally introduced in July 2024 that they had been hoping for a merger, but it surely was unsure if the Federal Communications Fee would approve the phrases. It was granted on July 24, 2025, and formally concluded on August 8, 2025.
Mixed, the newly shaped firm, New Paramount, has roughly 20,000 staff, with 18,000 coming in from Paramount and a pair of,000 from Skydance. The brand new firm reportedly has an general worth of $28 billion, and it hopes to keep up a distinguished affect within the general media market.
The general adjustment to New Paramount’s merger won’t be seamless, nevertheless. In response to a report by Nasdaq, New Paramount is making ready to let go of between 2,000 and three,000 staff. Layoffs are anticipated to start someday in November, and Paramount remains to be calculating the precise variety of staff that will likely be excised within the coming months.
What These Layoffs Imply For New Paramount
Paramount International has made its title via quite a lot of productions that embody Taylor Sheridan’s Yellowstone franchise, Titanic (1997), and even SpongeBob SquarePants. It has been a media big, catering to audiences from all demographics, whereas thrilling critics within the course of. Sadly, latest years have seen Paramount struggling to keep up any presence in any respect.
Paramount Photos was based on Might 8, 1912, whereas Skydance Media was created on April 4, 2006.
The cuts ought to affect each aspect of New Paramount’s employees, as no division is anticipated to flee the layoffs. This isn’t the primary change since Paramount started making ready for the merger, as the corporate lately introduced that The Late Present with Stephen Colbert has been canceled. It does, nevertheless, imply that the layoffs will likely be extra intensive than anticipated.
Our Take On New Paramount’s Layoffs
Cam McLeod / ©Paramount Community / Courtesy Everett Assortment
The implications for Paramount’s future are regarding, however it’s considerably essential to chop prices as TV networks and theaters proceed to wrestle within the post-pandemic panorama. Nonetheless, as worrying as that is for the trade, the staff would be the most affected. As alternatives proceed to shrink, it might be troublesome to seek out future work.
New Paramount has emphasised that it doesn’t want to hold conducting cuts after this transitional interval, so anybody who escapes the preliminary cuts might be able to discover stability within the aftermath. Nonetheless, the approaching months will likely be painful for almost each employees member on the firm.
