Paramount is planning to lay off about 1,000 workers Wednesday, with an additional thousand to follow at a time still being determined, sources familiar with the plans tell Deadline.

The vast majority of the affected workers will be based in the U.S., with international divisions also planning cutbacks in the coming weeks.

The long-expected cuts come two-plus months after the close of the $8.4 billion merger of Paramount and Skydance. Executives at the merged company have promised Wall Street they would deliver $2 billion in cost savings, with part of that target amount being achieved by workforce reductions.

Bloomberg reported earlier Monday on the timing and amount of this week’s cuts.

In a meeting with reporters last August after the merger’s close, President Jeff Shell said the l

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