06:16 AM EDT, 10/20/2025 (MT Newswires) -- Paramount Skydance ( PSKY ) is reportedly looking to lay off 2,000 employees starting late October, both in the US and in its international locations, media outlets reported, quoting sources.

This move comes close on the heels of an $8 billion merger between Skydance and Paramount during August, the reports added.

The Variety added that the merged entity is looking to cut costs by a good $2 billion through these measures.

Paramount Skydance ( PSKY ) shares were up 1% in recent premarket activity.

Paramount didn't immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)