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.

Paramount is looking to cut between 2,000 to 3,000 jobs by early November, after the completion of its merger with production studio Skydance, Variety reported on Friday. Paramount Global and Skydance Media completed their $8.

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.