Paramount Skydance plans to eliminate 1,000 jobs starting Wednesday, the first of two expected rounds of staffing cuts at the entertainment giant, Bloomberg reports, citing anonymous sources. The long-anticipated layoffs stem from the company’s $8 billion merger in August and will primarily affect U.S. employees, with later cutbacks anticipated for international workers. Paramount’s President Jeff Shell warned at the merger’s closing that staff cuts would likely be deep, stating: “We don’t want to be a company that has layoffs every quarter.” Meanwhile, Paramount is courting Warner Bros. Discovery.