Paramount Skydance to announce job cuts on Wednesday – Bloomberg

**Paramount Skydance to Announce Job Cuts on Wednesday**

*Bloomberg, October 27, 2025, 4:17 PM ET*

Paramount Skydance Corporation is expected to announce the first round of major job cuts on Wednesday, according to a source cited by Bloomberg. This development follows the recent merger between Paramount Global and Skydance Media.

Management had previously indicated that it would need to take “painful steps” to reduce costs as part of the integration process. The upcoming announcements are seen as the initial measures toward achieving these cost savings.

**Related Information**

– **Stock Symbol:** PSKY
– **Company:** Paramount Skydance Corporation
– **Recent Performance:** Trending analysis and market data available.

Stay tuned for further updates on how these changes may impact the company and its stock performance.
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