Paramount will slash roughly 1,000 jobs on Wednesday, Fox News Digital has confirmed.

A headcount reduction has been expected since Paramount Global and Skydance merged earlier this year, putting CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation. Sources familiar with the situation said that "approximately" 1,000 positions will be cut as layoffs begin.

The cuts will be company-wide, and primarily impact staffers based in the United States.

Paramount declined comment when reached by Fox News Digital.

Skydance Media and Paramount Global announced the completion of their long-planned, $8 billion merger in August.

Ellison has made waves since taking over the parent company of assets including CBS, Comedy Central and the iconic movie studio. He previou

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