Paramount Skydance will initiate large-scale job cuts the week of 27 October, cutting approximately 2,000 American roles within a budget-saving initiative worth $2bn led by top executive David Ellison.
The workforce reduction come after the union of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.
More global layoffs are anticipated, as the firm planning to disclose complete information via its Q3 financial results on 10 November.
Earlier reports had indicated that Paramount was looking to cut from 2,000 to 3,000 positions by early November.
Until December 2024, Paramount retained about 18,600 workers on full-time and part-time contracts along with 3,500 project-based staff.
The company has not yet commented to a request for comment.
