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Canal+ will make layoffs at MultiChoice as part of a major restructuring plan aimed at stabilizing the pay TV operator in Africa, after years of operational and financial pressure.
The layoff plans are expected to be a core element of broader cost-cutting and efficiency efforts, as Canal+ seeks to simplify MultiChoice’s operations and increase profitability. This restructuring signals a shift towards leaner operations, with a focus on eliminating redundancies and optimizing the company’s cost base.
READ ALSO: Canal+ eyes full ownership of Showmax following purchase of MultiChoice
MultiChoice has struggled in recent years with declining customer numbers in key African markets, weighed down by macroeconomic pressures, currency volatility and changing consumer behavior. The rise of global streaming platforms has increased competition, eroding the companies’ traditional dominance in pay TV.
Canal+’s intervention marks a watershed moment for MultiChoice, reflecting a more aggressive approach to repositioning the business. By combining fresh capital and structural reforms, the new owners aim to stabilize short-term performance and lay the foundation for long-term growth.
The $115 million injection is expected to provide immediate financial assistance, supporting operations and potential strategic initiatives. However, the resulting layoffs highlight the magnitude of the challenges facing companies and the extent of the transformation required to restore competitiveness.
