News: Guardian announces plans to cut 180 jobs

Employee Relations

Guardian announces plans to cut 180 jobs

Revenues expected to be down by more than £25m as effects of pandemic hit media industry, according to Guardian Media Group.
Guardian announces plans to cut 180 jobs

The Guardian unveils plan to cut 180 jobs after a £25m drop in revenue amid the coronavirus pandemic. The media company has unveiled plans to cut jobs in both editorial and commercial roles, as the COVID-19 pandemic continues to impact the media industry.

The job cut includes 110 in departments such as advertising, Guardian Jobs, marketing roles, and the Guardian Live events business, and 70 in the editorial.

The COVID-19 pandemic had created an “unsustainable financial outlook for the Guardian” with revenues expected to be down by more than £25m on the year’s budget, said The editor-in-chief, Katharine Viner, and the Guardian Media Group chief executive, Annette Thomas.

Guardian Media Group announced the plans alongside its results for the 2019-20 financial year, which cover the 12 months to the end of March.

They show that before the pandemic the company’s revenues had dipped slightly to £223.5m, with growth from reader contributions making up for a fall in advertising income.

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Topics: Employee Relations, #COVID-19

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