BCE Inc., a Canadian telecom, plans to cut 4,800 jobs (9% workforce) and sell 45 radio stations due to declining ad revenues and increasing news division losses.

BCE Inc., a major Canadian telecommunications company, is set to cut 4,800 jobs, which is about 9% of its workforce. This decision comes as the company plans to sell 45 of its 103 regional radio stations. The affected stations are located in British Columbia, Ontario, Quebec, and Atlantic Canada. The job cuts and radio station sales are part of a cost-saving measure as the company deals with a decline in advertising revenues and an increase in annual operating losses in its news division.

February 07, 2024
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