SINGAPORE: A total of 34 employees in SPH Media’s technology division have been laid off, the company said on Monday (Nov 4).
The cuts affect employees across various teams and ranks, and account for about 10 per cent of the division, reported The Straits Times, which is published by SPH Media.
"To remain competitive and sustainable amidst the changing media landscape, SPH Media has restructured its technology team," a company spokesperson said in response to CNA's queries.
"This includes streamlining its operations and resourcing across different technology functions."
SPH Media also publishes The Business Times and Lianhe Zaobao.
The company spokesperson said the decision was made after "careful consideration and exploring various alternatives".
"SPH Media is committed to supporting the affected employees and providing them with comprehensive severance packages that adhere to tripartite guidelines, career coaching, job placement assistance and counselling support to help ease their transition," the spokesperson added.
Various functions in the division have been streamlined, resulting in job cuts, said the company's chief operating officer Loh Yuh Yiing and chief technology officer Kaythaya Maw in an e-mail to staff on Monday morning.
SPH Media was formed in 2021 after the former Singapore Press Holdings was restructured and delisted.
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