{"id":159754,"date":"2025-09-25T15:23:11","date_gmt":"2025-09-25T15:23:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/159754\/"},"modified":"2025-09-25T15:23:11","modified_gmt":"2025-09-25T15:23:11","slug":"stv-to-cut-10-of-workforce-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/159754\/","title":{"rendered":"STV to cut 10% of workforce | News"},"content":{"rendered":"

\"Rufus<\/p>\n

STV is to cull 10% of its workforce as part of the latest wave of cost-cutting measures announced today.<\/p>\n

The Scottish broadcasting and production group unveiled a \u00a33m savings programme to protect profitability in response to the deterioration in advertising and content commissioning markets.<\/p>\n

The jobs cuts will impact 60 roles \u2013 approximately a tenth of total staff \u2013 with STV\u2019s chief executive Rufus Radcliffe stating: \u201cWe have done everything we can to limit the impact of cost savings on our people.<\/p>\n

\u201cWe are now going into consultation and are committed to supporting our people through this period of necessary change.\u201d<\/p>\n

The business recorded an adjusted operating profit decline of more than a third (37%) today in its interim results for the first six months of 2025, with profit at \u00a36.7m, down from \u00a310.6m last year.<\/p>\n

However, its revenue remained broadly level at \u00a390m compared with 2024.<\/p>\n

\u201cWhat today is about is taking steps to ensure that we are in a good position for when the market recovers and this includes a comprehensive cost savings plan,\u201d Radcliffe told Broadcast.<\/p>\n

The chief exec did not elaborate on which departments would be impacted by these job losses.<\/p>\n

Following a trading update in July, which issued a profit warning<\/a>, it is also understood the group implemented a recruitment freeze amid a reviewed of its STV Studios labels, leading to the decision today to cease investment in Mighty Productions and end development activity at STV Entertainment.<\/p>\n

\u201cWe\u2019ll continue to make Celebrity Catchphrase, Bridge of Lies and Celebrity Bridge of Lies\u201d Radcliffe said. \u201cThey are very popular, much-loved shows and we\u2019ll continue to make them but we announced no further development.<\/p>\n

\u201cIn terms of the future, we have a really strong mix of labels and very strong creative leaders and a good development pipeline, so we think we\u2019ve got the right portfolio moving forward but this has been part of a much bigger cost savings plan for the whole organisation.\u201d<\/p>\n

STV\u2019s operational changes also encapsulated a restructuring of STV\u2019s broadcast and digital divisions<\/a>, which was unveiled in May.<\/p>\n

\u201cThese savings are being made in response to difficult trading conditions in the advertising and content commissioning markets, and a structural change in viewing habits, both of which are significantly impacting the business\u201d said Radcliffe.<\/p>\n

\u201cWe remain confident in the strategic direction and long-term ambitions for the company. Our priority is supporting our colleagues through the consultation period that started today.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"STV is to cull 10% of its workforce as part of the latest wave of cost-cutting measures announced…\n","protected":false},"author":2,"featured_media":159755,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[96,391,56,54,55],"class_list":["post-159754","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-entertainment","tag-tv","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/159754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=159754"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/159754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/159755"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=159754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=159754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=159754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}