July 2026, Sky warns of UK job cuts after £1.6 billion ITV takeover

Following Sky’s proposed £1.6bn acquisition of ITV’s media and entertainment arm, Sky has signalled it will seek about £200m in synergies which could result in job reductions, particularly in corporate and commercial roles where overlaps are expected. Executives say most savings will stem from technology, marketing and content supply efficiencies, but some duplicated positions across the combined businesses are likely to be removed. The deal is positioned as creating a stronger UK challenger to global streaming platforms, while regulators will closely scrutinize the transaction and its implications for news and public‑service broadcasting commitments.