Channel 4 may cut 200 staff after ad income falls
The Guardian|January 08, 2024
Channel 4 is drawing up plans to cut as many as 200 jobs in the biggest round of redundancies in more than 15 years, amid the worst TV advertising downturn since 2008.
Mark Sweney
Channel 4 may cut 200 staff after ad income falls

The broadcaster, which has expanded rapidly in recent years with staff numbers swelling to a record level of more than 1,200, is aiming to dramatically reduce a wage bill of more than £108m a year. It said the restructure was intended to focus on accelerating its digital streaming strategy while limiting cuts to its £700m-plus content budget.

"Like every organisation, we are having to deal with an extremely uncertain economy in the short erm and the need to accelerate our transformation to become a wholly digital public service broadcaster in the long term," a spokesperson said.

"As a result, we need to continue to divest from our linear channels business and simplify our operations to become a leaner organisation."

When the TV advertising market slumped during the  financial crisis of 2008 the broadcaster sought to balance its finances by cutting 200 jobs, almost a quarter of its then 875 permanent employees. The cuts being planned are not thought to be as deep in percentage terms. However, the channel now has a much bigger headcount.

The latest restructuring is likely to once again put pressure on London-based staff, given a promise to increase employee numbers in the "nations and regions" to 600 by 2025.

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