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News Corp Australia's push for digitisation to lead to job losses

The company did not specify how many jobs could be lost, but Australian media reported up to 1,000 staff could be axed as a result of the restructuring

layoffs, job loss, lay-offs, unemployment

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It said its print publications had become unsustainable amid the coronavirus pandemic and the loss of revenue to digital platforms that use its content without payment.

Reuters

1 min read Last Updated : May 28 2020 | 10:04 AM IST

News Corp Australia said it would restructure its organisation to focus on digital publishing, a move that will also lead to job losses.

Scores of regional and community titles will be published only digitally from June 29 under the reorganisation, the Australian arm of the mass media and publishing firm News Corp said in a statement on Wednesday.

The company did not specify how many jobs could be lost, but Australian media reported up to 1,000 staff could be axed as a result of the restructuring.

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