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Paramount Skydance is scheduled to initiate mass layoffs during the week starting 27 October, eliminating nearly 2,000 positions in the United States as part of a budget-saving initiative worth $2bn led by CEO David Ellison.

These job cuts come after the union between Skydance Media and Paramount Global, completed in August worth $8.4bn.

Additional international job cuts are expected, with Paramount Skydance aiming to announce all specifics via its Q3 financial results set for the 10th of November.

Prior news suggested that Paramount planned to reduce between 2,000 to 3,000 roles by early November.

By December 2024, the organization had about 18,600 full- and part-time employees and 3,500 project-based staff.

Paramount Skydance has not provided a response on the matter.