Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.

The long-running MTV comedy clip series "Ridiculousness" has been canceled. The current season, its 46th, will continue to air on MTV through 2026, according to two sources familiar with the matter, who spoke on the condition of anonymity, but no more original episodes of the show will be produced.

The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date

About 1,000 roles are expected to be impacted this week, ahead of the new owner's first earnings call as Paramount CEO in November.

In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount has begun layoffs set to impact about 2,000 employees

Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.

Paramount has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions. Paramount’s linear broadcast and cable networks were hit hard,

The announcement that Texas filmmaker Taylor Sheridan is exiting his longtime home at Paramount for NBCUniversal sent shockwaves through the entertainment industry. Sheridan has been the most prolific maker of streaming television,

Paramount has undergone some major changes under new owners Skydance and CEO David Ellison, and Belloni suggests that Sheridan wasn’t a fan of the new regime. The creator doles out hit after hit, but he doesn’t do it for cheap.

Paramount has signed a 10-year lease to occupy a production facility currently under construction in New Jersey. The move will allow the media company to qualify for the state's tax incentives.

Paramount on Wednesday began laying off more than 2,000 employees, a long-awaited consequence of its merger with the Hollywood studio Skydance.

A top talent jumping ship, massive layoffs, Warner Bros. rejecting an acquisition bid, a messy shakeup at CBS News. David Ellison's golden age for Paramount has sailed into some choppy waters.