The jobs cuts add to the tens of thousands of layoffs announced this year by companies from Meta Platforms META.O to Goldman Sachs GS.N as they grapple with a growth slowdown caused by rising interest rates and elevated levels of inflation. Most of the layoffs would affect management and the company will also sell three AM radio stations to a third party, according to Bell. Bell has been struggling to lower costs and boost audience growth as consumers make the shift to streaming services.