SINGAPORE: A total of 34 people in SPH Media’s technology division have been laid off, the company said on Monday ( Nov 4).
The cuts affect people across a variety of groups and divisions, accounting for roughly 10 % of the division, according to The Straits Times, which is a publication of SPH Media.
SPH Media has restructured its tech team in response to CNA’s questions in order to remain competitive and green despite the changing press scenery.
” This includes streamlining its functions and resourcing across various systems works.”
The Business Times and Lianhe Zaobao are even published by SPH Media.
According to the company’s director, the choice was made following” thought and consideration of various alternatives.”
The spokesperson continued, “SPH Media is committed to supporting the affected employees and providing them with complete compensation packages that subscribe to bilateral guidelines, job training, job placement assistance, and counseling support to help relieve their transition.”
Numerous functions in the sector have been streamlined, resulting in job breaks, said the firm ‘s , chief operating officer Loh Yuh Yiing and chief technology officer Kaythaya Maw in an e-mail to workers on Monday night.
After the delisting and restructuring of Singapore Press Holdings, SPH Media was established in 2021.