Corus Entertainment to slash 300 more jobs by August in 'aggressive' bid to stop the bleeding - Toronto Star

Corus Entertainment, Canada’s largest independent media company and parent of Global News, said it is planning hundreds more layoffs and several programming changes as it attempts to avoid what analysts have called a looming bankruptcy.

Along with reporting a loss in revenue in the third-quarter, Corus announced Monday that it will be reducing its full-time headcount by 300 employees in the next two months. By August, it will have shed 800 positions, or 25 per cent of its workforce, since the beginning of the 2023 fiscal year. 

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2024-07-15 17:15:00Z
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