Channel 4 warns staff of job cuts amid shift from TV to streaming

Business | Business News Channel 4 is planning a round of job cuts as the broadcaster sharpens its focus on streaming services amid a downturn in TV advertising. The company has told staff to prepare for jobs to be impacted as it looks to tighten budgets this year. In a memo sent to staff this morning, chief executive Alex Mahon said the business needs to get into the “right shape and the right size for the digital world” for the next decade. Like every organisation, we are having to deal with an extremely uncertain economy in the short term and the need to accelerate our transformation to become a genuinely digital public service…