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Paramount Skydance plans to start large-scale job cuts the week of 27 October, removing approximately 2,000 American roles under a expense reduction strategy valued at $2bn overseen by CEO David Ellison.

The workforce reduction are a result of the combination between Skydance Media and Paramount Global, finalized during August with a value of $8.4bn.

Further international job cuts are likely, with the company aiming to announce full details during its third quarter earnings report scheduled for November 10.

Prior news suggested the company was looking to reduce from 2,000 to 3,000 jobs by the beginning of next month.

By December 2024, Paramount had nearly 18,600 workers on full-time and part-time contracts and 3,500 contract workers.

Paramount Skydance did not immediately respond to a request for comment.