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Skydance Paramount is scheduled to initiate significant workforce reductions beginning on 27 October, cutting approximately 2,000 American roles within a budget-saving initiative totaling $2bn under CEO David Ellison.

These job cuts follow the combination between Skydance Media and Paramount Global, completed during August valued at $8.4bn.

Additional overseas workforce reductions are expected, as the firm aiming to disclose full details in its third quarter earnings report set for the 10th of November.

Previous updates suggested the firm was looking to cut between 2,000 and 3,000 roles by the beginning of next month.

Until December 2024, the organization had almost 18,600 workers on full-time and part-time contracts and 3,500 contract workers.

The company did not immediately respond on the matter.