KQED is laying off at least 45 employees, representing a 15% reduction in workforce, due to a substantial $12 million financial deficit. The station has been facing declining corporate contributions, worsened by political pressure and potential rescissions of federal funding for public media. Recent market conditions and looming recession fears further exacerbate the funding issues affecting corporate sponsorships and grants. Cuts impact all organizational levels, with additional voluntary departures included, marking a critical time for the 71-year-old institution.
KQED is facing significant layoffs, cutting 15% of its workforce due to a $12 million deficit, exacerbated by dwindling corporate contributions and impending funding cuts from Trump.
Financial pressures on KQED are heightened by market conditions and a possible recession, leading to reduced revenue from corporate sponsorship, underwriting, foundations, and grants.
The layoffs include a broad spectrum of positions, affecting executives, reporters, and custodial staff, as KQED attempts to navigate one of its most difficult periods in 71 years.
With Trump potentially rescinding $1.1 billion from NPR and PBS, KQED's financial situation is likely to worsen, highlighting ongoing challenges for public media funding.
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