Seven Network’s parent company to axe up to 300 jobs
Southern Cross Media, the parent company of Seven Network, is cutting up to 300 jobs to save $150 million. The company cited deteriorating market conditions and the need to streamline operations following a recent merger.
Why it matters
The job cuts highlight ongoing economic pressures and consolidation trends within the traditional media industry.
shares Share article The parent company of the Seven Network has announced up to 300 staff will be axed by the end of the month as it looks to save hundreds of millions of dollars.
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