Shaw Communications Cuts 400 Jobs, Trims Business UnitsEric Lam
Shaw Communications Inc. is cutting 400 jobs as it streamlines its consumer and business services into two new units.
The Calgary-based company will group together residential cable, satellite, Internet and home-phone services into a consumer business unit. Enterprise services, including cable, telephony, satellite and tracking, will be bundled into a new business unit.
“We are eliminating duplication of work and organizing our activities and operations in a way that best meets the needs of our customers and viewers,” Brad Shaw, chief executive officer of Shaw, said in a statement. “The roles and structure we established years ago to support us as a cable company can no longer support our growth.”
Shaw’s media business will remain a standalone unit, while its engineering and information-technology functions will be grouped into a new technology and network operations team, the company said.
The cuts will be in management and non-customer facing roles. Shaw will also be hiring as many as 100 people and investing in areas including marketing, supply chain, procurement and next-generation products.
Shaw shares have gained 8.9 percent in the past 12 months.