Paramount Skydance employees are bracing for up to 2,000 layoffs that may come as early as the week of Oct. 27, 2025, according to multiple reports.

Paramount Skydance will begin mass layoffs the week of October 27, eliminating around 2,000 U.S. jobs as part of a $2 billion cost-cutting plan under new CEO David Ellison, Variety reported on Saturday. The layoffs follow the $8.4 billion merger between Skydance Media and Paramount Global, which closed in August.

Paramount Skydance aims to battle Amazon and Google for digital ad dollars, but must first navigate a tricky issue among senior sales execs

EXCLUSIVE: Paramount has announced that its earnings call to discuss the company’s Q3 results will be on November 10. As such, it’s expected that the entertainment conglomerate will move up its reduction in force to the week of October 27. This is according to sources.

A bidding war could take the total price of WBD from around the $50 billion Ellison is currently eyeing to upwards of $60 billion – which is exactly what WBD’s deal-savvy CEO David Zaslav

Shares of Paramount Skydance Corp. (PSKY) climbed over 1.30% in Monday’s early premarket session as traders reacted to reports that media giant may announce a round of layoff as early as this month. Media giant Paramount merged with David Ellison-led Skydance on Aug.

Paramount Skydance (PSKY) shares have shown interesting movement recently, sparking fresh curiosity about the company's current valuation and what might drive returns in the months ahead. Investors are watching for factors that could shape PSKY's next move.

The layoffs are likely to start before Paramount reports its first quarterly earnings after the closure of the Skydance Media merger.