Paramount Skydance is set to lay off around 2,000 employees in the U.S. starting the week of October 27, following a significant $8.4 billion merger with Paramount Global. This move is part of a broader $2 billion cost-cutting strategy under the leadership of new CEO David Ellison. The layoffs highlight the challenges faced by the entertainment industry in the wake of mergers and the need for companies to streamline operations to remain competitive. It's a tough time for many workers, and this decision underscores the ongoing impact of corporate restructuring.

Paramount and Skydance are set to cut 2,000 jobs in the US starting the week of October 27, according to Variety. This significant reduction in workforce highlights the ongoing challenges faced by the entertainment industry, particularly in the wake of economic pressures and changing viewer habits. The layoffs could impact many families and signal a broader trend of job insecurity in the sector.