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Skydance Paramount plans to begin mass layoffs during the week starting 27 October, eliminating approximately 2,000 positions in the United States under a expense reduction strategy worth $2bn led by CEO David Ellison.

The layoffs are a result of the combination of Skydance Media and Paramount Global, which closed this past August with a value of $8.4bn.

Additional international job cuts are expected, with the company aiming to disclose complete information in its third-quarter financial update scheduled for November 10.

Earlier reports suggested the firm aimed to cut from 2,000 and 3,000 roles by early November.

As of December 2024, Paramount employed about 18,600 workers on full-time and part-time contracts and 3,500 project-based staff.

The organization did not immediately respond regarding the report.