News Summary

• Mass layoffs across Paramount Skydance are set to begin the week of 27 October with some 2,000 U.S. jobs expected to be targeted.
• The corporate restructure is part of a $2bn cost-cutting plan under new chief executive David Ellison.
• Additional international job cuts are expected, with the company aiming to disclose full details in its third quarter earnings report on 10 November.
• The job losses follow the $8.4bn merger betweenSkydance Media and Paramount Global, which closed in August.