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Skydance Paramount is scheduled to initiate large-scale job cuts the week of 27 October, eliminating nearly 2,000 positions in the United States under a budget-saving initiative worth $2bn under top executive David Ellison.

The layoffs follow the union of Skydance Media and Paramount Global, which closed during August worth $8.4bn.

More overseas workforce reductions are expected, with the company planning to disclose full details during its Q3 financial results set for the 10th of November.

Earlier reports suggested that Paramount aimed to eliminate between 2,000 to 3,000 roles by early November.

As of December 2024, the organization employed almost 18,600 full- and part-time employees along with 3,500 project-based staff.

Paramount Skydance has not provided a response regarding the report.