ITV has confirmed plans to slash over 200 jobs in a sweeping restructuring effort aimed at reducing costs and improving efficiency. The broadcaster, home to popular shows like Love Island and Coronation Street, hopes to save £50 million per year through the cuts.
Why the Cuts Are Happening
The move comes as ITV faces mounting pressure from declining advertising revenues and increased competition from streaming giants like Netflix and Disney+. The company has also been impacted by broader economic challenges, including inflation and rising production costs.
Which Departments Are Affected?
While exact details are still emerging, insiders suggest the cuts will primarily impact:
- Production teams
- Marketing departments
- Administrative roles
ITV has stated that it will try to minimise redundancies through voluntary departures and redeployment where possible.
Industry Reaction
Media unions have expressed concern over the scale of the job losses, warning that such deep cuts could harm programme quality and staff morale. However, analysts argue that ITV must adapt to survive in an increasingly digital-first media landscape.
The broadcaster has pledged to invest savings into its streaming platform, ITVX, as it seeks to compete with global rivals.
