Major Paramount layoffs are beginning today, as CEO David Ellison seeks to reposition the company and shift financial resources toward what he and his executive team see as growth opportunities.

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.

Amazon and UPS both announced on Tuesday significant layoffs across the United States, affecting thousands of jobs.

“People are very on-edge,” said one staffer, describing the mood as “depressed and unhappy” and “a very tough day at the network.”