U.K. Broadcaster Channel 4 Confirms 200 Layoffs, Reveals Plans for Becoming ‘Digital-First Public Service Streamer by 2030’
variety.comNaman Ramachandran U.K. public service broadcaster Channel 4 has confirmed the 200 layoffs that were being planned earlier this month.
The broadcaster is proposing to reduce headcount by 18% – around 200 redundancies – and the closure of some 40 unfilled roles.
The layoffs are amid a continuous decline in TV advertising. The cost cutting also includes moving out of Channel 4’s central London base on Horseferry Road “in the next few years.” “With 600 roles based outside of London by the end of 2025, lower headcount in London overall, and a shift to flexible working, Channel 4 will find a new fit-for-purpose office space in central London,” the broadcaster said.
In addition, Channel 4 is proposing to close small linear channels that “no longer deliver revenues or public value at scale.” Channel 4 has also unveiled a five-year strategy called Fast Forward to “reshape the organization and accelerate its transformation into an agile, genuinely digital-first public service streamer by 2030,” the broadcaster said.
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