TORONTO — CBC says it is laying off more than 60 people in locations across Canada by the end of the year as part of a restructuring that affects about 130 jobs.
Barb Williams, CBC's executive vice-president of English services, says in a note to staff provided to The Canadian Press that the changes to resize the business were necessary due to higher costs and lower revenue.
She says that the CBC created a "COVID-19 contingency budget" to deal with the pandemic, but that didn't change its ongoing financial situation, noting it entered the current fiscal year with a $21 million deficit due to lower advertising and subscription revenues.
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