Report: Ericsson looks to cut 25,000 jobs

Ericsson is reportedly considering cutting some 25,000 employees outside of Sweden in its efforts to cut costs. This is according to a report in Swedish newspaper Svenska Dagbladet, which was picked up by Reuters today, and said that it is unclear if the layoffs would include employees within Ericsson’s media operations. Responding to the report, […]

Netflix creates 400 Euro jobs, new originals

SVOD giant Netflix is on a European charm offensive, creating 400 jobs at a new Amsterdam customer service base and ordering new originals from the continent. The office was unveiled this week, initially employing 170 staff, 345 by the end of the year and 400 by 2019. It will service eleven territories (Belgium, Denmark, Finland, […]

Report: Disney’s Maker Studios to cut 80 staff

Disney’s Maker Studios is cutting some 80 jobs according to press reports coming out of the US. The Wall Street Journal reported that Maker is making the layoffs as it “radically shrinks” the number of YouTube creators it supports from 60,000 to as little as 300 video makers with large followings. The Hollywood Reporter said […]

ITV to cut jobs amid concern over Brexit

ITV is cutting about 120 staff in a cost-cutting drive, amid Brexit-driven uncertainty, with the job losses coming from all areas of the UK broadcaster’s business. The cuts will be made across the board and shared proportionally across the business, meaning production and distribution arm ITV Studios will be affected. The UK-listed broadcaster gave notice of […]

Virgin Media looks to cut up to 900 jobs in restructure

Virgin Media has announced plans to change its operating structure in a move that could result in the loss of around 900 jobs in the UK over two years. The Liberty Global-owned operator would not comment on which specific areas of the business would be affected and said it is currently entering a consultation period […]

MTG cutting 300 jobs

European broadcaster Modern Times Group is to axe around 300 jobs as it launches a “restructuring programme”. The roles will be lost across offices in Sweden, Norway, Denmark and the UK. Furthermore, MTG said the restructuring would lead to “the impairment of content and other assets”, as the firm realigns to “increase efficiency levels across the […]

BBC to cut 1,000 jobs to reduce costs

The BBC will cut more than 1,000 jobs as the UK public broadcaster aims to reduce costs. BBC director general Tony Hall announced the cuts today saying they were down to an unexpected increase in the number of families refusing to pay the licence fee that funds the organisation. The cuts are expected to save […]

Cisco to cut 4,000 jobs

Technology giant Cisco announced plans to cut roughly 4,000 staff, or 5% of its global workforce, despite reporting increases in revenues and profits in its fiscal fourth quarter. Speaking on the firm’s earnings call, chief finance officer Frank Calderoni said that the workforce reduction would come during full year 2014, with CEO John Chambers justifying […]

UK media firms still creating new jobs, but at lower rate

Just over half of UK firms in the media sector are expected to create new jobs this year, down from the two thirds of media firms that created new jobs in 2012, according to the Barclays Job Creation Survey. According to the survey, 56% of firms in the media sector will be creating new jobs […]