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Paramount Skydance is scheduled to begin significant workforce reductions during the week starting 27 October, cutting about 2,000 positions in the United States under a expense reduction strategy worth $2bn overseen by top executive David Ellison.

These job cuts follow the union of Skydance Media and Paramount Global, finalized this past August worth $8.4bn.

Additional international job cuts are anticipated, with Paramount Skydance aiming to announce full details during its third-quarter financial update on 10 November.

Previous updates had indicated that Paramount was looking to cut between 2,000 and 3,000 jobs by early November.

Until December 2024, the company retained about 18,600 permanent and temporary staff plus 3,500 project-based staff.

The company did not immediately respond to a request for comment.