New York, New York-based News Corporation, a mass media and publishing company with an iconic portfolio of brands, has announced a major 5% reduction in its workforce.
The reduction will target 1,250 employees.
According to CEO Robert Thomson, "Obviously, a surge in interest rates and acute inflation had a tangible impact on all of our businesses. News Corp’s initiatives now underway, including an expected 5% headcount reduction, or around 1,250 positions this calendar year, will create a robust platform for future growth.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?