Multichoice plans for cut jobs, as DSTV continues to struggle
These are not good times for Multichoice DSTV as they are considering job cuts, this resulting in the laying off of some staffs. The reason for this action by Multichoice is the huge competition coming from streaming giants like Netflix, Amazon Prime and so on.
A report coming from Businesslive shows that Multichoice is now asking employees to reapply for their positions, the report also shows that about 200 jobs could be affected by this.
Business has not been good for DSTV, especially with the fact that its Premium satellite service – is under pressure, due to declining subscriber numbers. The decline started back in March this year when MultiChoice lost 41,000 high-end subscribers who use the DStv Premium decoder from the video entertainment and Internet Company.
The statistic from Nasper (Multichoice parent company) revealed that high-end subscribers have declined from 1.962 million to 1.921 million over the last year.
Multichoice can take condolence in the fact that despite the loss of some high-end subscribers of the packages, lower tier subscribers continue to grow. The entertainment company also pointed to Netflix as a huge competition.
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