BREAKING: CBC to lay off 600 staff amid poor ratings, superior competition
Mike Campbell The Canadian Broadcasting Corporation (CBC) announced Monday that it will lay off 600 employees and not bother filling a “gap” of 200 employees, citing a lack of funding from advertisers and the fact that Canadians are tuning them out. That’s 10% of the CBC workforce, meaning the massive state-broadcaster, with its $1.3 billion budget, will shrink from a workforce of approximately 6000 to 5,400. In a statement, the CBC laid blame for the upcoming layoffs on “rising production costs, declining television advertising revenue and fierce competition from the digital giants.” The corporation said the CBC will...
Mike Campbell The Canadian Broadcasting Corporation (CBC) announced Monday that it will lay off 600 employees and not bother filling a “gap” of 200 employees, citing a lack of funding from advertisers and the fact that Canadians are...
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