More than 200 vacancies to be left unfilled during the first half of the year
ITV has issued a recruitment freeze and a crackdown on business travel and personal expenses in response to the challenging economic conditions.
In an internal note seen by Broadcast, chief financial officer and chief operating officer Chris Kennedy and chief people officer David Osborn said that the broadcaster is “taking action to strengthen our cost controls to reduce spend across ITV.”
This includes pausing more than 200 vacancies that are currently open across the company in a recruitment freeze to provide immediate savings. This will take place with immediate effect and be in place for the first half of 2024, meaning the recruitment freeze will last until 30 June.
The action is understood to apply across the board other than for genuinely business-critical decisions.