Channel 4 to Slash Workforce by 28 Percent as Broadcaster Unveils “Long-Term Transformation Strategy”

Channel 4 is set to slash its workforce by 28 percent — approximately 340 roles — by the end of the year, as the U.K. broadcaster unveils a “long-term transformation strategy.” On Wednesday, CEO Priya Dogra shared proposals for a new organizational design in a bid to “create a simpler, more focused organization that directs a greater proportion of its revenues towards distinctive British content.” This will help Channel 4 “own our future,” as the cash-strapped public service broadcasters fight to stay afloat amid an oversaturated market in which the streamers and YouTube dominate. A comprehensive review at Channel 4 began earlier this…