{"id":90979,"date":"2025-10-20T23:06:11","date_gmt":"2025-10-20T23:06:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/90979\/"},"modified":"2025-10-20T23:06:11","modified_gmt":"2025-10-20T23:06:11","slug":"paramount-skydance-to-begin-round-of-layoffs-next-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/90979\/","title":{"rendered":"Paramount Skydance to Begin Round of Layoffs Next Week"},"content":{"rendered":"<p>&#8211; Advertisement &#8211;<a href=\"https:\/\/www.jimcutler.com\/jim-cutler-demos\/\" target=\"_new\" rel=\"nofollow noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1170\" height=\"90\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Jim Cutler Voicesovers\" data-lazy-src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/10\/JimCutler_Aug23.gif\"\/><\/a><\/p>\n<p>After FCC approval for the merger of Paramount Global and Skydance came through, it became likely that layoffs would take place. We now know more about what the future looks like for some employees.<\/p>\n<p>With the company\u2019s third quarter earnings call scheduled for Monday, November 10th, layoffs are now expected to take place beginning on Monday, October 27th, multiple reports confirm.<\/p>\n<p>Previously, new president of the company, Jeff Shell, said that it would act swiftly in its job cuts, adding that they would be enacted ahead of the company\u2019s earnings call. <\/p>\n<p>\u201cWe do not want to be a company that has\u00a0layoffs\u00a0every quarter,\u201d Shell said in August hours after the deal between Paramount and <a href=\"https:\/\/barrettmedia.com\/?s=skydance\" rel=\"nofollow noopener\" target=\"_blank\">Skydance<\/a> was approved. \u201cSo, it\u2019s going to be painful. It\u2019s always hard, but we don\u2019t want to be a company that every quarter is laying people off.\u201d<\/p>\n<p>A reported $2 billion in savings is the goal from the newly merged conglomerate, a <a href=\"https:\/\/variety.com\/2025\/tv\/news\/paramount-skydance-mass-layoffs-date-oct-27-1236556102\/\" rel=\"nofollow noopener\" target=\"_blank\">report from Variety<\/a> suggests. The total number of jobs expected to be slashed is near 2,000.<\/p>\n<p>In federal filings in 2024, Paramount shared it had just under 19,000 employees. The company underwent a round of layoffs ahead of the merger with Skydance in June, with 3.5% of its global staff being cut in the wave of reductions. Skydance, ahead of the merger, reported it had more than 500 employees. <\/p>\n<p>Barrett Media produces daily content on the music, news, and sports media industries. To stay updated,\u00a0<a href=\"https:\/\/urldefense.proofpoint.com\/v2\/url?u=https-3A__barrettmedia.com_subscribe_&amp;d=DwMFAw&amp;c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&amp;r=4MLBr6iHQinVg_Olazc2OjkXveRyhK_22x-NakxcCXM&amp;m=_esp3qVo0yh3ATvU4uUVbYP6DXCGpx8bWNH_irzqntTE5miRdcA0Kf1hkFmJNTB_&amp;s=ceXx7nV8jZQX7ERTlh_KRpsjofV8w6lHSPNxKkrOQ8c&amp;e=\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">sign up<\/a>\u00a0for our newsletters and get the latest information delivered straight to your inbox.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"100\" height=\"100\" alt=\"Barrett Media Sports\" itemprop=\"image\" data-lazy-src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/10\/EDITORNEWS-WRITER-7.png\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"&#8211; Advertisement &#8211; After FCC approval for the merger of Paramount Global and Skydance came through, it became&hellip;\n","protected":false},"author":2,"featured_media":90980,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[68335,3564,12791,156,12794,68336,111,68337,139,69,421,58898,68338,68339,437],"class_list":["post-90979","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-barrett-media","tag-cbs","tag-cbs-news","tag-entertainment","tag-jeff-shell","tag-network-news","tag-new-zealand","tag-news-television","tag-newzealand","tag-nz","tag-paramount","tag-paramount-global","tag-paramount-skydance","tag-television-news","tag-tv"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/90979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=90979"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/90979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/90980"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=90979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=90979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=90979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}