The news: Nine Entertainment will target up to 50 job cuts as part of a move to strip out duplicate roles from its streaming and broadcast division following an organisational overhaul set in motion earlier this year.
The context: Amanda Laing, who joined Nine earlier this year as the top executive of its beefed up streaming and broadcast division, announced the redundancies in an email to staff on Monday morning, first reported by The Sydney Morning Herald.
The cuts are expected to target duplicate roles across Nine’s news, Stan and broadcast on-demand service, 9now, and come as the company moves to carve about $100 million out of its cost base over the next two years.
Nine has identified roughly 50 roles for redundancy, and will consult with impacted staff from Monday, which could see them redeployed to newly created roles within the organisation.
In an email to staff, seen by Capital Brief, Laing said the decision was made by the division’s leadership team following a review of its operations over the last few months. She said the review has focused on the division’s news, sport, Stan, marketing and creative teams.
What they said: “We have today commenced consultation with some team members, whose roles within Nine’s Streaming and Broadcast division are impacted by our new operating model,” a Nine spokesperson told Capital Brief in a statement.
“The new operating model formally brings together teams across Stan, Channel 9 and 9Now. It is designed to reduce duplication, drive greater collaboration and deliver commercial growth for Nine, while working to offset the challenging external advertising market.
“Our primary focus during the consultation is supporting these team members through access to our employee wellbeing provider, as well as exploring redeployment opportunities within the broader Nine Group.”
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