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Skydance Paramount will begin mass layoffs the week of 27 October, eliminating approximately 2,000 positions in the United States under a cost-cutting plan valued at $2bn led by top executive David Ellison.

The workforce reduction come after the union of Skydance Media and Paramount Global, completed during August with a value of $8.4bn.

Further global layoffs are expected, with the company aiming to reveal complete information in its third quarter earnings report set for the 10th of November.

Previous updates had indicated the company planned to reduce between 2,000 to 3,000 roles by early November.

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

Paramount Skydance has not provided a response to a request for comment.