Is GMA Network, one of the country’s leading television broadcasters, currently dealing with a financial crisis?
Questions about the Kapuso Network’s financial condition emerged after entertainment website Philippine Entertainment Portal (PEP) published a “blind item” claiming that a television giant was allegedly preparing to implement a “mass retrenchment” among its employees beginning this September.
The report appears to align with information shared by a source who claimed that the Gozon-led television network is considering a mass retrenchment program as part of efforts to protect the company’s financial stability.
The reported cost-cutting measures come after GMA Network’s net income fell to around ₱8 million between April and June 2026. This would mark the network’s lowest quarterly net income since its former major rival, ABS-CBN, lost its broadcast franchise.
Aside from possible workforce reductions, GMA Network is also reportedly looking at ways to reduce expenses in the production of its entertainment programs.
Among the measures allegedly being considered are welcoming blocktimers and entering into co-production ventures with production companies such as ABS-CBN Studios and Studio VIVA. The network may also bring back re-runs of some of its previous television series as part of its cost-saving efforts.
Despite the reports, GMA Network has yet to issue an official statement confirming whether a mass retrenchment or other major cost-cutting measures are being planned.