Paramount has launched a new round of layoffs affecting staff across CBS Entertainment, MTV, BET, and other divisions, The Wrap reports.

The changes come as Skydance TV and the former MTV Entertainment and Showtime groups come under the Paramount TV Studios banner, led by Matt Thunell.

CEO David Ellison announces Paramount’s first 10% staff reduction post-merger, impacting hundreds across film, music, and news divisions.

Paramount Skydance is laying off about 10% of its workforce, achieving some of the cost savings that CEO David Ellison promised investors when he took charge of the media company over the summer.

Major Paramount layoffs begin today with CEO David Ellison seeking to reposition the company and shift financial resources toward what he and his executive team see as growth opportunities. Ellison told the staff about the job cuts on Wednesday. Around 1,000 jobs are expected to be affected.

Paramount on Wednesday began laying off more than 2,000 employees, a long-awaited consequence of its merger with the Hollywood studio Skydance.

The widely anticipated layoffs come just months after the Trump administration greenlit the creation of the company following Skydance’s bid for the storied entertainment group.

About 1,000 roles are expected to be impacted this week, ahead of the new owner's first earnings call as Paramount CEO in November.