Yahoo7 to make up to 10 per cent of work force redundant
Digital joint venture Yahoo7 is reported to be looking to make between 25 and 30 of its staff redundant, in what would be a major shake up to its operations.
The Australian Financial Review reports CEO Ed Harrison has flagged a consultation process with staff to begin this week, with up to 10 per cent of staff at the publisher tipped to depart.
A spokeswoman for Yahoo7 refused to be drawn on the detail of the redundancies saying only: “Like any business we regularly review our operations to ensure we remain agile, nimble and responsive to market conditions. We are unable to provide any further information about said reviews or resultant changes and have nothing further to share.”
Yahoo7 has seen a major shake up in its senior leadership in the last 12 months with human resources director Fiona Cole, chief technology officer Craig Penfold and communications director Amanda Millar all departing.
“in what would be a major shake up to its operations”
Uh, no shit Mumbrella. But thanks for the irrelevant indicator.
Thanks for pointing that out Sub-editor.
Anyone know how Spreets is going?
Wasn’t that a $30M+ Yahoo Oz acquisition only 24 months or so ago?
@ Andrew Bolt: $40m, and not going well. The deal was done by then Yahoo7 CEO ROhan Lund, now COO of Foxtel.
Finally. There are some truly ineffectual people working at Y7 at the moment. Time to give them the boot before any more quality employees choose to go elsewhere.
Sold on to Aussiecommerce for not very much…
@karma do you work there? Because I do. Losing some very smart, talented people
This thread of comments looks like it could be mostly Yahoo employees..