In a recent letter to shareholders, the company also outlined plans for substantial spending including “transformation costs of several hundred million” and a “restructuring charge of approximately $500 million” expected in the fourth quarter. Additionally, there is an ongoing bid to acquire Warner Bros. Discovery, an endeavor that could cost billions more if it materializes. Paramount anticipates that these moves will propel the company towards a target of $30 billion in total revenue by 2026.

The company’s strategy includes substantial layoffs as a cost-cutting measure. Last month Paramount let go of about 1,000 employees and just yesterday, announced an additional 1,600 job cuts. This latest round of layoffs primarily affects those from its divestitures of Televisión Federal in Argentina and Chilevision in Chile, as part of its strategy to maintain focus. Originally, Ellison estimated about 2,000 job cuts, a number which the company now expects to surpass.

Moreover, the financial burden will also affect consumers. Starting January 15, 2026, subscription prices for Paramount+ are set to increase. The Essential plan, which includes ads, and the Premium plan, which is ad-free, will each see a price hike of $1, moving to $8.99 and $13.99 per month respectively. Subscribers will need to decide if the enhanced content, including those UFC matches, justifies the increased cost.