Channel 4 plans deepest job cuts in over 15 years after TV ad slump

Exclusive: As many as 200 roles could go as firm seeks to accelerate digital streaming strategy and limit cuts to content budget

Channel 4 is drawing up plans to cut potentially as many as 200 jobs in its biggest round of layoffs in more than 15 years, as it seeks to make savings to weather the worst TV advertising downturn since 2008.

The broadcaster, which has undergone a rapid expansion in recent years with staff numbers swelling to a record level of more than 1,200, aims to dramatically reduce a wage bill that now stands at more than £108m a year.