https://www.frebbes.com/2020/12/free-paper-cut-out-text-effect.html

Free paper cut-out text effect which you can apply to any text in Adobe Photoshop. This effect trend would make a fantastic addition to design layouts or posters. you simply open the files and replace the text in the smart object.

This graphic is easy to customize with the use of smart object layers inside Adobe Photoshop. Use the smart layers to place your design and adjust colors according to your choice.