Channel 4 to Cut 340 Jobs, Shrinking Workforce 28% Amid Ad Market Pressure
Updated
Updated · bbc.co.uk · Sep 9
Channel 4 to Cut 340 Jobs, Shrinking Workforce 28% Amid Ad Market Pressure
3 articles · Updated · bbc.co.uk · Sep 9
Summary
Channel 4 plans to eliminate 340 roles by year-end, its biggest layoff round ever, cutting about 28% of its 1,270 staff.
Priya Dogra said the cuts are the first phase of a transformation aimed at a simpler operating model and shifting more of the broadcaster's roughly £1 billion income into programming.
The publicly owned, advertising-funded network cited changing audience habits, stronger competition from digital platforms and a volatile traditional TV ad market as the main pressures behind the overhaul.
A staff consultation will begin shortly, while lawmakers warned the move could threaten Channel 4's regional presence even as management says a broader strategy update is coming in the next few months.