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Canadian Press TVA Group lays off 500-plus employees amid restructuring

TVA Group, a Montreal-based broadcaster, is laying off 547 employees, or 31% of its workforce, in a restructuring effort. The company cites declining audiences, ad revenues, and competition from social media platforms as reasons for its financial strain.
The restructuring includes overhauling the news division, ending in-house entertainment content production, and optimizing real estate assets, including its headquarters. TVA aims to refocus activities, reduce costs, and continue offering original Quebec content.
TVA's CEO calls for regulatory relief, flexibility, and tax credits to better support the television industry amidst mounting challenges. The company is taking unprecedented action due to the lack of consideration for their industry.

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Le Monde

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Canada: Quebec group TVA lays off nearly a third of its workforce

More than 500 jobs will be eliminated and the information division will be completely restructured due to a deficit situation that is “no longer sustainable”, announced the Quebecor group.

2 years ago·Paris, France

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National Post

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TVA Group lays off more than 500 employees as audiences and ad revenues shrink

MONTREAL -- The TVA Group says it is laying off 547 employees _ nearly a third of its workforce -- amid restructuring as the company contends with declining audiences and ad revenues.

2 years ago·Canada

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Financial Post

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TVA Group lays off more than 500 employees as audiences and ad revenues shrink

MONTREAL -- The TVA Group says it is laying off 547 employees _ nearly a third of its workforce -- amid restructuring as the company contends with declining audiences and ad revenues.

2 years ago·Canada

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Barrie Today

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TVA Group lays off more than 500 employees as audiences and ad revenues shrink

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

2 years ago·Barrie, Canada

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Sask Today

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TVA Group lays off more than 500 employees as audiences and ad revenues shrink

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

2 years ago

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Montreal Gazette

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TVA Group lays off 547 employees as audiences and ad revenues shrink

The TVA Group says it is laying off 547 employees — 31 per cent of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

2 years ago·Montreal, Canada

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