Channel 4 is to cut 340 jobs by the end of the year, reducing its workforce by more than a quarter.
The broadcaster will lose around 28% of its current 1,270 staff following a strategic review.
Channel 4 said the cuts would create a “simpler, more focused organisation that directs a greater proportion of its revenues towards distinctive British content.”
The review has taken place against the backdrop of a rapidly changing media landscape, including evolving audience habits, increasing global competition, a challenging consumer environment, and a volatile advertising market.
The broadcaster said that it has made strong progress in growing digital revenues and reach, but that industry trends “continue to place pressure on commissioning budgets and reinforce the need for fundamental change in how the organisation operates.”
The proposed changes focus on reducing management layers, simplifying decision-making and removing duplication. The broadcaster said it will begin a formal consultation process with affected employees in due course.
Channel 4 added that more details on its future strategic direction and additional transformation initiatives will be shared in the coming months.
Priya Dogra, Chief Executive, Channel 4, said: "Today marks the first phase of our transformation, ensuring Channel 4 is the right shape and size to deliver its future strategy and focus investment in the programmes audiences love.
“The challenges we face require a fundamental transformation in how we work. I know the proposals we are announcing today will be very difficult for many colleagues and will have a significant impact across the organisation. Many talented people who have made an enormous contribution to Channel 4 will be leaving as a result.
“These decisions have not been taken lightly, but I strongly believe they are necessary to create a simpler, more focused and more sustainable Channel 4 that can invest a greater proportion of revenues into distinctive content, back British creativity and deliver impact for audiences long into the future.”
Geoff Cooper, Chair, Channel 4, added: "Channel 4 has a long history of challenging convention, backing creativity and evolving alongside audiences. That ability to adapt while remaining true to its purpose is one of its greatest strengths.
“The proposals announced today are intended to secure Channel 4's future as a trusted, independent British broadcaster. By taking action now, it can build a more sustainable and resilient organisation, maximise investment in content and strengthen its ability to deliver public value for audiences, the creative industries and the UK for the years ahead."
Channel 4 recently unveiled a leadership structure for its commissioning team, with three directors replacing outgoing Chief Content Officer Ian Katz. Discover more here.
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