9 Entertainment, an Australian publisher, plans to eliminate 200 jobs due to economic headwinds and Meta's content deal discontinuation.
9 Entertainment, an Australian publisher, plans to eliminate 200 jobs amid mass layoffs in the media industry. The company attributes the job cuts to economic headwinds and the loss of revenue from Meta's discontinuation of content deals. This decision affects about 4% of Nine's nearly 5,000-strong workforce. The company aims to continue investing in digital growth opportunities while managing costs.
June 28, 2024
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