Paramount set to begin laying off 1,000 workers in first round of cuts
Update: 2025-10-29
Description
Paramount Pictures, under new ownership, initiates significant job cuts, affecting around 1,000 employees, or 5% of its workforce. The layoffs span various departments, including CBS, Comedy Central, MTV, and the Melrose Avenue studio. Another 1,000 jobs could be lost, totaling a 10% reduction. These cuts follow a pattern of staff reductions since 2020, with the company eliminating around 2,000 positions, or 15% of its staff. The entertainment industry is also experiencing job losses, with Amazon, Meta, and a major cable provider reducing staff. The shifts in technology and audience habits are forcing companies to adapt, causing uncertainty in Hollywood's future.
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