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Skydance Paramount will begin mass layoffs the week of 27 October, removing nearly 2,000 American roles within a cost-cutting plan valued at $2bn overseen by top executive David Ellison.

These job cuts come after the union between Skydance Media and Paramount Global, finalized this past August with a value of $8.4bn.

Further international job cuts are expected, with the company intending to reveal complete information via its Q3 financial results scheduled for November 10.

Prior news suggested that Paramount aimed to eliminate between 2,000 and 3,000 positions by the beginning of next month.

By December 2024, the company retained about 18,600 workers on full-time and part-time contracts plus 3,500 contract workers.

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