News

Yahoo7 to make up to 10 per cent of work force redundant

Yahoo!7Digital joint venture Yahoo7 is reported to be looking to make between 25 and 30 of its staff redundant, in what would be a major shake up to its operations.

The Australian Financial Review reports CEO Ed Harrison has flagged a consultation process with staff to begin this week, with up to 10 per cent of staff at the publisher tipped to depart.

A spokeswoman for Yahoo7 refused to be drawn on the detail of the redundancies saying only: “Like any business we regularly review our operations to ensure we remain agile, nimble and responsive to market conditions. We are unable to provide any further information about said reviews or resultant changes and have nothing further to share.”

Yahoo7 has seen a major shake up in its senior leadership in the last 12 months with human resources director Fiona Cole, chief technology officer Craig Penfold and communications director Amanda Millar all departing.

There have also been departures from the editorial side, including head of editorial, Anne Markey moving over to Mamamia and editor-in-chief Michael Wade and head of news and sport Cameron Roberts both resigning.

Last month Seven West Media wrote-down the value of its own 50 per cent stake in the digital operation which focuses on video, mobile and native advertising.

ADVERTISEMENT

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing