Current:Home > StocksCanada’s public broadcaster to cut 600 jobs as it struggles with budget pressures -ProWealth Academy
Canada’s public broadcaster to cut 600 jobs as it struggles with budget pressures
View
Date:2025-04-18 16:06:34
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! (59292)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Poland’s opposition accuses the government of allowing large numbers of migrants, corruption
- Miley Cyrus Details Anxiety Attacks After Filming Black Mirror During Malibu Fires
- Kendra Wilkinson Goes to Emergency Room After Suffering Panic Attack
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 4 Roman-era swords discovered after 1,900 years in Dead Sea cave: Almost in mint condition
- Presidential centers issue joint statement calling out the fragile state of US democracy
- Louisville officer critically hurt during a traffic stop when shots were fired from a nearby home
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Alabama teen sentenced to life for killing 5 family members at 14
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Prince Harry to attend charity event in London -- but meeting up with the family isn’t on the agenda
- House of Villains' OMG Trailer Teases Spencer Pratt, a Real Housewife & More Surprise Guests
- LSU, women's basketball coach Kim Mulkey agree to record 10-year, $36 million extension
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- King Charles III shows his reign will be more about evolution than revolution after year on the job
- Hurricane Lee charges through open Atlantic waters as it approaches northeast Caribbean
- Medical credit cards can be poison for your finances, study finds
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Descendants of a famous poet wrestle with his vexed legacy in 'The Wren, The Wren'
McConnell vows to finish Senate term and remain GOP leader after freezing episodes
Police officer killed, another injured in car crash in Hartford
Intellectuals vs. The Internet
Ex-Trump aide Peter Navarro found guilty of contempt of Congress
Little Amal, a 12-foot puppet of a Syrian refugee, began its journey across the US in Boston
Simone Biles Shares Hope to Return for 2024 Olympics After Experiencing Twisties in Tokyo