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Tuesday 6 February 2024     

ITV Staff Freeze

 

 

 

 

 

 

 

 

 

ITV has announced a recruitment freeze and a crackdown on spending as the economic slowdown continues to hit the broadcast ads market. 

In an internal memo from Chief Operating Officer Chris Kennedy and Chief People Officer David Osborn, the broadcaster says that it is taking action to strengthen cost controls and “reduce spending across ITV”. 

This includes pausing more than 200 open vacancies across the company in a recruitment freeze to provide immediate savings. This takes place with “immediate effect” and will remain in place for the first half of 2024. 

Staff are also being asked to limit spending, with ITV bringing in tighter controls on expenses, training, travel, entertainment and pay as well as recruitment. 

Direct production expenditure at ITV News, Sport and Studios are not included in the cost saving strategy initially, but the memo states that staff in those departments should continue to “adhere to our existing production processes and budgets.” 

No redundancies are planned at this stage, and the executives said they would monitor the situation for the next six months: “We’ll review progress half way through the year and if we can relax these controls, we will. If we need to strengthen them further, we will,” the memo read.

6 February 2024                                           

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