SPH Media announced on Nov 4 the layoff of 34 employees, amid a restructuring of the company’s technology division. The cuts will affect technology workers across various teams and ranks, and account for about 10 per cent of employees in the technology...
The cuts will affect technology workers across various teams and ranks, and account for about 10 per cent of employees in the technology division.SPH Media announced on Nov 4 the layoff of 34 employees, amid a restructuring of the company’s technology division.
It added that the company was committed to supporting the affected employees and providing them with comprehensive severance packages that adhere to tripartite guidelines, career coaching, job placement assistance, as well as counselling support to help ease their transition.SPH Media circulation saga: 8 key findings and what went wrong
“It has not been easy for our colleagues, executing and delivering on all fronts of Tech these past 3 years,” she added. While these efforts did help to bring down the overall expenditure partially, adjustments to manpower could not be avoided, and the company also reduced its reliance on contract resources where business needs have evolved, Ms Loh added.Describing it as a difficult decision, she said the cuts together with the restructuring will bring the technology division to a more sustainable steady-state.
“Going forward, our focus will be to steady the ship as we transit towards a more sustainable level of Tech operations and expenditure,” she added. Mr Jensen Boey will lead the CTO office, supporting Mr Maw; Mr Christopher Lim will lead the Information Technology department; and Mr Maw will lead the Product & Engineering team in the interim.
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