Paramount Skydance employees are facing a broad across-the-board culling under David Ellison’s new management regime the week of Oct. 27, Variety has confirmed.

Major job cuts have been expected even before the Skydance Media-Paramount Global deal closed, as part of Ellison and his team’s goal of slashing upwards of $2 billion in costs . Previously, the company had been targeting layoffs by early November . The new round of cuts is expected to eliminate around 2,000 jobs in the U.S., with additional layoffs internationally.

At an Aug. 7 press conference in New York, just hours after the $8 billion Skydance-Paramount merger officially closed, Jeff Shell, the ex-CEO of NBCUniversal who is now president of Paramount Skydance, told reporters that the company would make cost cuts and

See Full Page