Media group Sky to cut 1,000 jobs this year -source

Sky News logo is seen in west London

By Anchal Rana

(Reuters) -British media group Sky plans to cut about 1,000 jobs across its businesses this year, a source familiar with the matter told Reuters on Tuesday, as it transitions to internet-based services from traditional satellite.

Sky, owned by U.S.-based Comcast Corp, is reviewing its business structure as TV customers pivot to digital services. It is banking on its Sky Stream service and Sky Glass smart TV that wirelessly connects to the company's content.

Sky, which serves 23 million customers in six countries, cut hundreds of jobs last year to shift from satellite broadcasting to deliver TV over the internet.

The latest cuts, first reported by the Financial Times, follow a wave of media layoffs, including broadband rival BT axing 55,000 jobs by 2030, Channel 4's recent 15% slash, and Virgin Media O2's 10% redundancies in 2023.

"Increasingly, customers are choosing Sky Glass and Sky Stream which don't require specialist installation, and that has led us to change the number of roles we need to deliver our services," a Sky spokesperson said.

The job cuts are expected to mainly affect engineering teams which install satellite dishes, representing 4% of the group's total workforce.

(Reporting by Anchal Rana and Zainab Saifuddin Saifee in Bengaluru;Editing by Shinjini Ganguli, Maju Samuel and Richard Chang)