Global News Makes Layoffs In ‘Significant’ Restructuring

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Corus EntertainmentCorus Entertainment [TCO] is the large media outlet to feel the negative impact of the COVID-19 pandemic, the company announced “significant” restructuring as its Global News division is cutting some of its workforce.

While the company has tried to shift programming and avoid layoffs as long as possible, the reality of its most recent quarter advertising revenues declined and the company’s news and radio businesses are 100 per cent dependent on such income sources has forced management into making the layoffs.