Overview

• Managers have been instructed to submit dismissal lists to HR between September and October, according to multiple reports.
• The cuts are expected across theatrical, streaming, linear and corporate units as part of post-merger cost reductions.
• Timing is expected to align with third-quarter earnings and an investor presentation outlining the new strategy.
• President Jeff Shell has said the reductions will be painful but executed at once to avoid recurring quarterly layoffs.
• Paramount employs roughly 18,000–18,600 people globally, and the company declined to comment on the reported plans.