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Paramount Skydance is scheduled to begin mass layoffs beginning on 27 October, cutting about 2,000 American roles within a budget-saving initiative worth $2bn under new chief executive David Ellison.

The layoffs come after the union of Skydance Media and Paramount Global, which closed in August with a value of $8.4bn.

Further international job cuts are expected, as the firm intending to reveal full details during its third quarter earnings report set for the 10th of November.

Prior news stated the company was looking to eliminate from 2,000 to 3,000 positions before the start of November.

Until December 2024, the company had almost 18,600 full- and part-time employees along with 3,500 project-based staff.

The company did not immediately respond regarding the report.