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,

Paramount job cuts under the new Skydance regime are coming in an effort to exceed $2 billion in efficiencies. 2,500 to 3,000 to be eliminated.

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.