Yahoo7 axes 10% of workforce as part of ‘review of operations’
Yahoo7 is understood to be making a large number of redundancies today, with around 20 sales staff affected, as the company dumps all “non-essential business units”.
Ed Harrison, CEO of Yahoo7, said: ” Like any business, we regularly review our operations to ensure we remain agile and responsive to changing market conditions. As a result of our most recent review, we have announced a number of team changes which include proposed redundancies in the Australian team, as we continue to focus on growth products.
“We will not be commenting on status of any individual team members as this is always a private business matter.”
Love how obvious Seven has leaked this to fear monger
2008 – Y7 cuts 10% of its workforce
Feb 2013 – Y7 cuts 40 staff
Nov 2013 – more redundancies at Y7
March 2015 – Y7 culls 10% of staff
october 2016 – Yahoo axes 10% of staff
Talk about death by 1000 cuts….
Never understood the purpose of Yahoo!7. A mish mash of whatever wrapped in plankton.
@richard dirth: like so many digital content offerings these days, a lame attempt to drum up audience to sell ads against.
Love me some plankton Richard.
Having worked there, I can attest that very few employees understand the purpose of Y7. Daily HR propaganda that suppresses any form of questioning and an Orwellian, plutocratic management structure. Sparkling water on tap, so can’t complain too much.
Its a bit like the old saying – “where there’s a will, there’s relations”. From my beer battered memory 7 originally started these oddball digital disaffections with AOL so its a tad like Regurgitator playing at the Metro next week – its all be seen before