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Paramount Skydance is scheduled to begin mass layoffs beginning on 27 October, removing about 2,000 US jobs within a expense reduction strategy worth $2bn led by CEO David Ellison.

The workforce reduction are a result of the union between Skydance Media and Paramount Global, completed this past August with a value of $8.4bn.

More international job cuts are likely, with the company intending to announce complete information during its third-quarter financial update scheduled for November 10.

Earlier reports suggested that Paramount was looking to cut between 2,000 and 3,000 positions before the start of November.

Until December 2024, the organization retained about 18,600 full- and part-time employees and 3,500 project-based staff.

Paramount Skydance did not immediately respond regarding the report.