Channel 4 Reportedly Set to Cut About 300 Jobs in Largest Layoffs in Its History
The broadcaster is said to be planning to reduce its workforce by roughly a quarter as advertising revenue slows, according to The Guardian.
Channel 4 is reportedly poised to cut about 300 jobs, roughly a quarter of its workforce, in what would be the biggest round of layoffs in the broadcaster's 43-year history, The Guardian reported, citing sources familiar with the matter.
According to the report, the cuts are part of an effort by the broadcaster to dramatically reduce costs amid a slowdown in advertising revenue.
The Guardian reported that Priya Dogra, who took over as chief executive from Alex Mahon in March, is expected to address an all-staff meeting on Wednesday to outline a wide-ranging review of Channel 4's strategy and structure.
Staff are said to be anticipating what The Guardian described as "brutal" cutbacks as the company moves to reshape its operations.
Channel 4 has not been quoted directly in the report regarding the scale or timing of the layoffs. The Guardian's report is described as exclusive, and further details on the review's specifics were not immediately available.
Sources
- Channel 4 to axe about 300 jobs in biggest layoffs in its history — The Guardian — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Flock Reportedly Offers Buyouts to Shrink Workforce, Warns of Possible Layoffs
TechCrunch reports the company is offering employees buyout packages, warning that layoffs would "almost certainly" follow if not enough workers accept.
UK public broadcasters face growing pressure from US streaming and digital rivals
Jobs and programme budgets at the BBC, Channel 4 and ITV are under threat as the broadcasters compete against YouTube, Netflix and other US-based platforms, according to The Guardian.
Belsat Editor Says Ukrainian Media Overemphasize Belarus as a Security Threat
Alina Koushyk argues that a narrow focus on threats from Belarus in Ukrainian coverage leaves Belarusian society and internal developments largely unreported.
Reporters From CNN, MS NOW and Politico Denied White House Access After Trump Ban
Al Jazeera reported that journalists from the three outlets were locked out of the White House following a ban announced by President Donald Trump.
White House Revokes Press Access for CNN, MS NOW and Politico Reporters
Journalists from three major outlets say their White House press badges were confiscated after President Trump barred certain media organizations, according to BBC News.
White House Correspondents' Association Accuses Trump of Targeting Media
The press group said the US Constitution protects journalists from government interference, according to a statement cited by TASS.
Comments
Loading comments…