News Corp flags job cuts as revenue, earnings decline

Rupert Murdoch’s News Corp has unveiled cost-cutting measures.

News Corp Cuts Jobs in a Job positive Market.

Chief executive Robert Thomson described the challenges facing the media company, which locally owns The Australian, The Daily Telegraph and The Herald Sun as “more ephemeral than eternal”, but said the company was introducing a range of cost-cutting measures, including a 5 per cent reduction in head count – or 1250 positions across the business. This masthead revealed earlier this week News Corp Australia was planning to cut about $20 million in costs by 2025.

Source: News Corp flags job cuts as revenue, earnings decline

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