Paramount Global is bracing for a significant wave of layoffs, with the initial round expected to occur imminently, potentially as early as the week of October 27, 2025, and certainly before the company’s scheduled earnings call on November 10, 2025, according to various media reports.
This accelerated timeline underscores the urgency of the company’s cost-cutting measures as it navigates a challenging financial landscape and ongoing industry shifts.
While the precise number of affected employees remains uncertain, estimates suggest the layoffs could impact a substantial portion of Paramount’s global workforce. Reports indicate that between 2,500 and 3,000 positions may be eliminated worldwide. In the United States alone, approximately 2,000 jobs are expected to be cut.
This October wave of layoffs is reportedly only the first phase of a larger cost-reduction strategy, with additional rounds potentially following. The layoffs come as Paramount grapples with financial pressures, including declining revenues in traditional media, increased competition in the streaming market, and the need to streamline operations amid industry consolidation. The company’s leadership has signaled that these measures are critical to ensuring long-term sustainability, though the scale of the cuts has raised concerns about their impact on employees and the company’s creative and operational capacity.
Further details, including the specific roles and departments affected, have yet to be disclosed, but the layoffs are expected to reshape Paramount’s workforce significantly as the company repositions itself in a rapidly evolving media landscape.