TVB to lay off 200 employees

Television Broadcasts has confirmed it plans to lay off about 200 employees, with details to be announced in the next few days.

The layoff will affect various departments except for actors and show hosts. Termination letters will be sent starting on Monday.

External affairs deputy director Tsang Sing-ming said the production resources department will be the worst-hit.

Tsang said the layoffs are needed to maintain competitiveness. TVB has been recording surpluses for the past five years.