Broadcaster Sky plans job cuts amid ‘challenge’
Broadcaster Sky is reportedly cutting hundreds of jobs as it grapples with the shift to streaming
Broadcaster Sky is reportedly cutting hundreds of jobs as it grapples with a shift to streaming.
The cuts are expected to affect customer service staff and technicians who fit satellite dishes, the Sunday Times reported.
Tough times: The cuts are expected to affect customer service staff and technicians who install satellite dishes
Sky suffered an 11.5 per cent drop in revenue to £14.3 billion last year, although profits and customer numbers rose.
US media giant Comcast bought Sky in 2018 for £30 billion. But last October it took a £6.8 billion write-down on the company’s value, blaming “challenging economic conditions.”
Sales of the company’s acclaimed Sky Glass product – a TV with streaming apps and built-in Sky that avoids the need for a satellite dish – have reportedly been disappointing.
“It’s in a really tough spot,” said a source.