On Tuesday, the managing director of publishing, Tory Maguire, told staff the company was looking to cut “around 30” positions, made up of voluntary and targeted redundancies. Maguire said the exercise was not simply a matter of cutting costs, but was an “evolution” to adapt to structural change.
“In the last 12 months, as we have discussed many, many times at the publishing town halls, we are in an extreme state of disruption because of AI,” she said.
The company has plans to retrain and to hire people for “digital-first, reader-savvy, data-informed roles”…
The announcement came two years after Nine Entertainment cut 200 jobs, including 90 positions from the legacy mastheads and the AFR.