Hong Kong’s Top TV Broadcaster to Cut 10% of Staff
TVB's offices in Hong Kong.
Photographer: South China Morning Post/Getty Images
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Hong Kong’s largest television broadcaster said it is cutting its workforce, citing an economic slowdown and a “severe situation” as months of social unrest have rocked the city.
Television Broadcasts Ltd.’s 3,500-person staff -- excluding artists -- will be reduced by 10% to improve cost efficiency, according to an email to staff members from Chief Executive Officer Mark Lee.