Corus Entertainment, a leading media and entertainment company, has announced that they will be implementing ongoing job cuts that will result in a reduction of 25% of their full-time positions.
The decision to reduce their workforce comes as a result of the ongoing challenges faced by the media industry, including the impact of the COVID-19 pandemic. The company has stated that these job cuts are necessary in order to ensure the long-term sustainability and success of the company.
According to Corus Entertainment, the job cuts will primarily affect their corporate and administrative roles, with a smaller impact on their production and creative teams. The company has also stated that they will be offering support and resources to those affected by the job cuts, including severance packages and outplacement services.
This announcement follows a series of cost-cutting measures implemented by Corus Entertainment in recent years, including the consolidation of their television channels and the sale of their French-language specialty channels.
Despite these challenges, Corus Entertainment remains committed to providing high-quality content to their audiences and maintaining their position as a leader in the media and entertainment industry. The company has stated that they will continue to invest in their core brands and prioritize their digital and streaming platforms in order to adapt to the changing landscape of the industry.
In conclusion, the ongoing job cuts at Corus Entertainment are a difficult but necessary decision in order to ensure the company’s long-term success. The company remains dedicated to providing top-notch entertainment to their audiences and will continue to evolve and adapt in the ever-changing media landscape.
