Aug 22 (Reuters) - 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 $8.4

billion merger - announced more than a year ago - earlier this

month and the combined company was renamed Paramount Skydance

Corp. ( PSKY )

The layoffs will affect staff across divisions and the

numbers could vary, the Variety report said.

As of December 2024, Paramount had nearly 18,600 full- and

part-time employees, and 3,500 project-based staff.

Paramount Skydance ( PSKY ) declined to comment on the report.

On Monday, just days after finalizing its merger with

production studio Skydance, Paramount said it will pay $7.7

billion for exclusive U.S. broadcast rights to the Ultimate

Fighting Championship for seven years - the first major

strategic move by the combined company.