Senior jobs gone at Vinyl Media as company looks for path to profit

Vinyl Media has laid off several senior staff, including its head of publishing, as its parent company, Vinyl Group, looks to become profitable by the end of the calendar year.

In its recent annual report, CEO Josh Simons foreshadowed the move by saying the company would “restructure to maximise revenue and cost synergies”.

A Vinyl Group spokesperson told Mumbrella the redundancies affected “just under 10% of headcount”, which it said was “a small adjustment following acquisitions”.

Mumbrella understands affected staff were informed on Friday, including recently appointed head of publishing, Tahlia Phillips.

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