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Skydance Paramount will start large-scale job cuts during the week starting 27 October, cutting approximately 2,000 American roles within a cost-cutting plan worth $2bn under new chief executive David Ellison.

These job cuts follow the combination between Skydance Media and Paramount Global, which closed this past August valued at $8.4bn.

Additional international job cuts are anticipated, as the firm intending to announce complete information in its Q3 financial results scheduled for November 10.

Previous updates suggested that Paramount planned to eliminate between 2,000 and 3,000 roles by the beginning of next month.

Until December 2024, the organization retained almost 18,600 full- and part-time employees and 3,500 temporary project employees.

The organization has not provided a response regarding the report.