Paramount Skydance will cut around 1,000 jobs this week in the first wave of mass layoffs following its contentious August merger, according to reports.

The coming job cuts, reported to total around 2,000 workers, are part of an ongoing restructuring following the venerable entertainment company’s controversial merger this August

Paramount Skydance, owner of Australia’s Network Ten, will cut around 1,000 jobs this week in the first phase of a sweeping global restructure, with another round of layoffs expected later as the newly merged entertainment giant moves to slash costs and consolidate operations.

There’s reportedly an effort underway to grease the skids for MAGA-friendly Paramount Skydance to acquire Warner Bros. Discovery in a massive deal.

Paramount Skydance reportedly doesn't intend to pick apart Warner Bros. Discovery if they're able to acquire their competitor.

With a market cap of $11.3 billion, Paramount Skydance Corporation(PSKY) is a leading global media and entertainment company formed through the merger of Paramount Global and Skydance Media. It produces and distributes film,