BCE cutting 700 jobs but only 40 at Bell Media
According to the Globe and Mail, and reported November 20th, BCE is going to cut 700 non-unionized jobs.
The layoffs include approximately 650 management positions across Bell Canada, representing just under 2 per cent of its total work force excluding Bell Media, and 40 roles at Bell Media, representing just under 1 per cent of the subsidiary’s employees, the telecom and media company said in a statement Thursday afternoon.
The Bell Media cuts are “predominantly” in corporate departments, the company said, as opposed to on-air talent. They include four news management roles based in Toronto.
The cuts are described as being a part of its three-year strategy to reduce leverage and focus on growth areas, the latest in a series of job cuts in the telecom sector.
As part of its three-year plan, it is betting on its artificial-intelligence division to fuel growth, as well as the expansion of its U.S. fibre internet division. It also recently announced it will be increasing its footprint into Western Canada, offering wholesale internet over rival Telus Corp.’s fibre network.
