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Sky (BSkyB) Cuts 250 Jobs to Ease Falling Profits

Posted: 01st Aug, 2008 By: MarkJ
BSkyB (Sky TV / Broadband), despite reporting reasonably good growth yesterday (here) in an otherwise slow market, is to cut 250 jobs as part of efforts to ease its falling profits:

BSkyB said the job losses were part of its drive to make the company leaner in the tough economic environment. Some cuts would be from redundancies and others from vacant positions that would remain unfilled.

"These will not be customer-facing roles, so programme-making departments will not suffer from the restructuring," said Andrew Griffiths, chief financial officer.

Source: The Telegraph.
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