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The Guardian - US

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Guardian staff and agencies

Paramount Global to cut 15% of its US workforce before Skydance merger

Paramount Paramount Global Skydance United States Nickelodeon Paramount Pictures CBS

The entertainment conglomerate behind Paramount Pictures announced it will lay off about 2,000 people. Photograph: Mario Anzuoni/Reuters

The entertainment conglomerate behind Paramount Pictures is to cut about 2,000 jobs in a bid to reduce costs ahead of a merger with the independent film studio Skydance.

Paramount Global, which also owns CBS, Nickelodeon and the UK’s Channel 5, announced plans to cut about 15% of its US workforce alongside its latest earnings on Thursday.

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