Current:Home > FinanceCanada’s public broadcaster to cut 600 jobs as it struggles with budget pressures -Global Finance Compass
Canada’s public broadcaster to cut 600 jobs as it struggles with budget pressures
View
Date:2025-04-12 14:23:36
TORONTO (AP) — Canada’s public broadcaster announced on Wednesday that it will cut 600 jobs and reduce its English and French programming budgets as it struggles with monetary pressures.
The Canadian Broadcasting Corp. and Radio-Canada, the French-language version, said the bulk of the layoffs will come from its corporate divisions such as technology and infrastructure. It also identified 200 vacancies that will go unfilled as it contends with 125 million Canadian dollars ($92 million) in budget pressures.
Along with the job cuts, CBC will be reducing its English and French programming budgets, resulting in fewer renewals and acquisitions, fewer new television series, less episodes of existing shows and digital original series.
The federal government provides CBC with over 1.2 billion Canadian dollars ($890 billion) in funding per year, or about 71% of CBC’s/Radio Canada’s source of funds last year. It attributed the cuts to rising production costs, declining television advertising revenue and fierce competition from the tech digital giants.
At the end of March, CBC had some 6,500 permanent employees, about 2,000 temporary workers and roughly 760 contract staff.
The cuts come days after the federal Liberal government suggested it may cap the amount of money CBC and Radio-Canada could get under a 100 million Canadian dollars ($74 million) deal that Ottawa recently signed with Google.
Canada’s government said it reached a deal with Google last month for the company to contribute the 100 million Canadian dollars annually to the country’s news industry to comply with a new law requiring tech companies to pay publishers for their content.
veryGood! (65281)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Sarah Jessica Parker and Matthew Broderick’s Son James Wilkie Has a Red Carpet Glow Up
- More than 300,000 bottles of Starbucks bottled Frappuccinos have been recalled
- Republicans Seize the ‘Major Questions Doctrine’ to Block Biden’s Climate Agenda
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Florida ocean temperatures peak to almost 100 degrees amid heatwave: You really can't cool off
- Twitter's new data access rules will make social media research harder
- Warming Trends: A Delay in Autumn Leaves, More Bad News for Corals and the Vicious Cycle of War and Eco-Destruction
- Trump invites nearly all federal workers to quit now, get paid through September
- For the First Time, Nations Band Together in a Move Toward Ending Plastics Pollution
Ranking
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Sarah Jessica Parker Weighs In on Sex and the City's Worst Man Debate
- Search continues for nursing student who vanished after calling 911 to report child on side of Alabama freeway
- GOP Senate campaign chair Steve Daines plans to focus on getting quality candidates for 2024 primaries
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Disney World's crowds are thinning. Growing competition — and cost — may be to blame.
- Federal Trade Commission's request to pause Microsoft's $69 billion takeover of Activision during appeal denied by judge
- Olympic Swimmer Ryan Lochte and Wife Kayla Welcome Baby No. 3
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
The U.S. needs more affordable housing — where to put it is a bigger battle
Barney the purple dinosaur is coming back with a new show — and a new look
Amazon Prime Day Is Starting Early With This Unreal Deal on the Insignia Fire TV With 5,500+ Rave Reviews
Bodycam footage shows high
Recession, retail, retaliation
Gabby Douglas, 3-time Olympic gold medalist, announces gymnastics comeback: Let's do this
Reporter's dismissal exposes political pressures on West Virginia Public Broadcasting