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Skydance Paramount is scheduled to begin mass layoffs beginning on 27 October, cutting about 2,000 positions in the United States under a cost-cutting plan valued at $2bn overseen by CEO David Ellison.

These job cuts follow the merger between Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.

Further overseas workforce reductions are anticipated, as the firm intending to announce full details during its third quarter earnings report scheduled for November 10.

Prior news stated the company planned to eliminate from 2,000 to 3,000 jobs by early November.

By December 2024, Paramount retained nearly 18,600 full- and part-time employees and 3,500 contract workers.

The organization has not provided a response to a request for comment.