Paramount Skydance Corporation, now operating as Skydance, has begun laying off employees at Paramount Games and Skydance Interactive. The cuts follow the company’s acquisition of Warner Bros. Discovery, finalized in October. Affected employees include an associate design director at Paramount Games and a significant portion of the Skydance Interactive team, known for The Walking Dead: Saints & Sinners.
The layoffs are part of a broader cost-cutting strategy following the merger, which aims to deliver substantial synergy savings. They coincide with the deadline for a voluntary buyout program offered to employees in late October and come on the day Skydance is scheduled to report its third-quarter 2026 financial results. The workforce reduction marks an initial step in integrating the two entertainment companies.