The Globe and Mail reports in its Thursday edition that BCE is eliminating about 1,300 positions as part of a significant reorganization, citing declining legacy phone revenues as well as losses in its news and radio operations. The Globe's Alexandra Posadzki writes that the roles being cut are primarily in management, which will be reduced by about 6 per cent, BCE chief executive officer Mirko Bibic said in an open letter Wednesday. BCE will have 20 per cent fewer executive roles than it did in 2020. BCE's Bell Media is closing six AM radio stations and selling three others, subject to approval by the CRTC. The big Canadian telcos have seen their stock prices under pressure recently amid the threat of a looming recession and heightened price competition after Rogers's takeover of Shaw. Mr. Bibic said BCE's job cuts are "consistent with but smaller than similar reductions announced by other leading technology and media companies across North America in recent months." Tech companies worldwide have cut more than 360,000 jobs over the past 18 months or so, and media companies thousands more, as they seek to reduce costs amid revenue squeezes and an emphasis on bottom-line results rather than profitless growth.