Paramount began large scale layoffs Wednesday joining other major U.S. companies. The media conglomerate eliminated abut 1,000 U.S.-based jobs in its first round with at least another 1,000 to soon follow.

The new structure comes as the media giant is laying off 1,000 employees, with more cuts to come at a later date

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.

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.

Paramount has initiated its first major round of layoffs following the company’s merger with Skydance, and the David Ellison regime has cut a number of executives across its television divisions. Paramount’s linear broadcast and cable networks were hit hard,

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.

Lisa Ling is one of the CBS News personalities that have been cut from the network amid the massive layoffs at Paramount following its acquisitionn by Skydance. The former The View co-host took to social media to share the news that she was laid off although she said some of her reports will appear “in

Paramount Skydance is laying off about 1,000 employees. Chairman and CEO David Ellison sent employees a memo about the companywide cuts.