06:58 AM EDT, 08/25/2025 (MT Newswires) -- Paramount Skydance ( PSKY ) is set to lay off between 2,000 to 3,000 of its employees across various divisions by early November, Variety reported Friday, citing sources with knowledge of the company's plans.

This comes shortly after the company closed its merger with Skydance this month and layoffs were expected as the new leadership was hoping to realize more than $2 billion in cost synergies post-merger, according to the report.

Paramount did not immediately respond to MT Newswires' request for comment on the matter.

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