Layoffs are coming down at Paramount Skydance this week, with the freshly merged company looking to slash approximately 1,000 jobs primarily in the U.S. on Wednesday, Oct. 29, Variety has confirmed.

Following this week’s cuts, more layoffs are expected at a later date, a source familiar with the plans said. Paramount Skydance, headed by chairman and CEO David Ellison , is undertaking a series of deep staffing cuts that are expected to eliminate a total of around 2,000 jobs in the U.S. , with additional layoffs taking place internationally.

A rep for Paramount Skydance declined to comment. The company’s layoff plans for this week were reported earlier by Bloomberg.

Major job cuts have been expected even before the Skydance Media-Paramount Global deal closed, as part of a st

See Full Page