Corus executive vice president of broadcast networks, Troy Reeb, attributed the layoffs to challenges the news industry has faced in recent years, including regulatory restrictions, lack of government support, loss of advertising and, more recently, COVID-19.
An internal memo Reeb sent to staff says significant changes will take place in the digital operations of the company’s Toronto network and that Globalnews.ca will no longer support the lifestyle, entertainment and social media teams.
Reeb says this will help the company return to its core mission of providing breaking news and factual journalism, while emphasizing video over social media feeds that have less of a benefit to Global. .
Reeb says the company has tried to delay layoffs and programming cuts as long as possible, but in its most recent quarter, advertising revenue declined and the company’s press and radio operations are 100% dependent on these sources of income.