Current:Home > MyCanada’s public broadcaster to cut 600 jobs as it struggles with budget pressures -OceanicInvest
Canada’s public broadcaster to cut 600 jobs as it struggles with budget pressures
View
Date:2025-04-17 04:00:46
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! (83)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Massachusetts Democrat Elizabeth Warren seeks third term in US Senate against challenger John Deaton
- Queen Camilla suffering from chest infection, forced to call off engagements, palace says
- The Daily Money: Your Election Day roundup
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Abortion and open primaries are on the ballot in Nevada. What to know about the key 2024 measures
- Colorado US House race between Rep. Caraveo and Evans comes down to Latino voters
- North Dakota’s lone congressman seeks to continue GOP’s decades-old grip on the governor’s post
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Hugh Jackman roasts Ryan Reynolds after Martha Stewart declares the actor 'isn't funny'
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- US Sen. Tim Kaine fights for a 3rd term in Virginia against GOP challenger Hung Cao
- Prince William Reveals the Question His Kids Ask Him the Most During Trip to South Africa
- Lopsided fight to fill Feinstein’s Senate seat in liberal California favors Democrat Schiff
- Stamford Road collision sends motorcyclist flying; driver arrested
- The top US House races in Oregon garnering national attention
- How tough is Saints' open coaching job? A closer look at New Orleans' imposing landscape
- The Nissan Versa is the cheapest new car in America, and it just got more expensive
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
10 teams to watch as MLB rumors swirl with GM meetings, free agency getting underway
Republican Mike Kehoe faces Democrat Crystal Quade for Missouri governor
North Carolina’s top lawyer and No. 2 executive are vying for governor
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Queen Camilla Withdraws From Public Engagements Due to Chest Infection
A History of Presidential Pets Who Lived in the Lap of Luxury at the White House
GOP Rep. Andy Ogles faces a Tennessee reelection test as the FBI probes his campaign finances