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 TV Studios is reorganizing its leadership team amid the mass layoffs at Paramount following its merger with Skydance.

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 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.

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.

Paramount begins layoffs, affecting 1,000 employees post-merger with Skydance, as reported by The Associated Press.

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Ramsey Naito, the president of Paramount Animation, shared she was exiting the company in a memo to staff Wednesday evening. "I want to share with you that I am leaving the company and closing this very special chapter with all of you,