"Sky has put 900 roles at risk as the broadcaster continues to reshape its business in the streaming era. The company, which employs about 23,000 staff in the UK, expects the consultation process to result in about 600 roles being cut, with 300 redeployed. Sky has cut almost 3,500 roles since the beginning of last year as the broadcaster looks to move away from traditional satellite pay-TV to streaming-based services in the fight against US giants such as Netflix."
"The Comcast-owned broadcaster is focused on improving existing services, and the cuts will hit Sky's technology and product teams and related corporate functions. Since Comcast acquired Sky for 31bn in 2018, about 6,000 jobs in total have been cut from the broadcaster. Sky estimates that more than 90% of new subscriptions are via internet-based products such as Sky Glass and Sky Stream, a new streaming set-top box."
Sky has put 900 roles at risk and expects consultation to result in about 600 redundancies with 300 redeployments. The latest cuts, the third in just over 18 months, will mainly affect technology, product and related corporate teams as the broadcaster prioritises improving existing services. Sky has cut almost 3,500 roles since the start of last year and about 6,000 jobs have been lost since Comcast's 2018 acquisition. More than 90% of new subscriptions are via internet-based products such as Sky Glass and Sky Stream, while Sky has launched Sky Glass Air and a full fibre broadband service and continues to invest in digital-first offerings.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]