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.

As its new leadership looks to exceed $2 billion in cost savings, Paramount is eyeing thousands of job cuts around November, according to media reports. The total number of positions expected to be eliminated across the company’s divisions is expected to range somewhere between 2,000 and 3,000 employees, though the numbers could vary.