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CBC to cut 60 newsroom jobs, internal memo says
CBC says it is cutting more than 60 jobs from locations across Canada by the end of the year.Barb Williams, CBC’s executive vice-president of English services, says in a note to staff provided to The Canadian Press that the changes to resize the business were necessary due to higher costs and lower revenue.She says that the CBC created a “COVID-19 contingency budget” to deal with the pandemic, but that didn’t change its ongoing financial situation, noting it entered the current fiscal year with a $21-million deficit due to lower advertising and subscription revenues.