After closing its merger with Skydance this month, Paramount is poised to enact deep staffing cuts across its various divisions, sources with knowledge of the company’s plans say. The layoffs are expected to take place by early November and will affect between 2,

As New Paramount looks to exceed $2 billion in cost savings, the media giant is eyeing thousands of job cuts around November, according to media reports. The total number of positions expected to be eliminated across the company’s divisions is expected to range somewhere between 2,000 and 3,000 employees, though the numbers could vary.

Paramount is looking to cut between 2,000 to 3,000 jobs by early November, after the completion of its merger with production studio Skydance, Variety reported on Friday. Paramount Global and Skydance Media completed their $8.