Home Business News Channel 4 plans to move out of London HQ leaving hundreds redundant

Channel 4 plans to move out of London HQ leaving hundreds redundant

by LLB Reporter
29th Jan 24 3:28 pm

Channel 4 are planning to move out of their London HQ leaving hundreds redundant after outlining a five-year digital first strategy.

Channel 4 will close the Horseferry Road office and a new office space for the broadcaster will be found in the city.

The broadcaster has previously said they will move 600 positions outside of London by the end of 2025 and small channels will be axed, such as The Box.

Channel 4 chief executive Alex Mahon said, “While getting ourselves into the right shape for the future is without doubt the right action to take, it does involve making difficult decisions.

“I am very sad that some of our excellent colleagues will lose their jobs because of the changes ahead.

“But the reality of the rapid downshift in the UK economy and advertising market demand that we must change structurally.

“As we shift our centre of gravity from linear to digital, our proposals will focus cost reductions on legacy activity. In preparing for a new digital-first future, I hope we can make Channel 4 simpler – for staff and our suppliers – and create a more efficient, inclusive and high-performing organisation.”

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