LOS ANGELES / LONDON (IT BOLTWISE) – The merger of Paramount and Skydance will result in massive job cuts in the company’s TV and streaming segments. More than 1,000 employees are affected, including senior managers from various departments. This restructuring aims to increase efficiency and focus on future growth.
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Paramount’s recent merger with Skydance has resulted in significant job cuts in the company’s TV and streaming divisions. This decision affects more than 1,000 employees, including numerous marketing, communications and programming executives. This restructuring is part of a larger plan to increase efficiency and position the organization for future growth.
Particularly affected are Paramount’s linear TV and cable networks. Significant cuts were made in the marketing, communications and programming departments. Teri Fleming, the former executive vice president and head of marketing for Paramount Global Content Distribution, is among the high-profile departures. CBS Entertainment also had to resign several executives, including Pamela Soper and Amanda Palley, both senior vice presidents of current programming.
Paramount+ has also seen significant cuts in streaming. Jeff Grossman, executive vice president of programming, and Patricia Kollappallil, senior vice president of corporate communications, have been fired. These measures reflect the strategic realignment aimed at eliminating redundant positions and aligning the organization with the new priorities.
The restructuring also affects Paramount’s cable networks, including MTV and CMT. MTV, once a powerhouse in the music industry, has made significant cuts to its communications and talent teams. Wendy Plaut, senior vice president and head of music and celebrity talent at MTV, is no longer with the company. These changes mark the end of an era in which MTV and CMT were heavily focused on producing original musical series.
The layoffs are part of a broader plan aimed at making the organization more efficient and preparing for future growth. Paramount Skydance CEO David Ellison emphasized in a memo to employees that these steps are necessary to position the company for long-term success. The restructuring will continue in the coming weeks, with further job cuts expected to focus more on international operations.
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