Current:Home > MyCanada’s public broadcaster to cut 600 jobs as it struggles with budget pressures -Edge Finance Strategies
Canada’s public broadcaster to cut 600 jobs as it struggles with budget pressures
View
Date:2025-04-12 05:30:34
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! (78)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- NATO’s Rutte calls for more Western support for Ukraine, warns of Russian alliances
- Wildfires burn from coast-to-coast; red flag warnings issued for Northeast
- Jury awards Abu Ghraib detainees $42 million, holds contractor responsible
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Ready-to-eat meat, poultry recalled over listeria risk: See list of affected products
- Katherine Schwarzenegger Gives Birth, Welcomes Baby No. 3 With Chris Pratt
- Michigan soldier’s daughter finally took a long look at his 250 WWII letters
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- South Carolina lab recaptures 5 more escaped monkeys but 13 are still loose
Ranking
- Average rate on 30
- Early Week 11 fantasy football rankings: 30 risers and fallers
- Richard Allen found guilty in the murders of two teens in Delphi, Indiana. What now?
- How many dog breeds are there? A guide to groups recognized in the US
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Bowl projections: SEC teams joins College Football Playoff field
- Jenn Tran's Ex Devin Strader Throws Shade At Her DWTS Partner Sasha Farber Amid Romance Rumors
- Trump has promised to ‘save TikTok’. What happens next is less clear
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Asian sesame salad sold in Wegmans supermarkets recalled over egg allergy warning
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Mixed Use
Taylor Swift Becomes Auntie Tay In Sweet Photo With Fellow Chiefs WAG Chariah Gordon's Daughter
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Repair Hair Damage In Just 90 Seconds With This Hack from WNBA Star Kamilla Cardoso
Jessica Simpson’s Sister Ashlee Simpson Addresses Eric Johnson Breakup Speculation
Messi breaks silence on Inter Miami's playoff exit. What's next for his time in the US?