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Skydance Paramount is scheduled to begin significant workforce reductions beginning on 27 October, removing approximately 2,000 US jobs under a budget-saving initiative worth $2bn under top executive David Ellison.

The layoffs come after the union between Skydance Media and Paramount Global, which closed during August with a value of $8.4bn.

Further global layoffs are expected, with Paramount Skydance aiming to disclose all specifics via its Q3 financial results set for the 10th of November.

Prior news had indicated that Paramount aimed to cut between 2,000 to 3,000 jobs before the start of November.

As of December 2024, Paramount had almost 18,600 full- and part-time employees plus 3,500 project-based staff.

The organization did not immediately respond on the matter.