The Australian is reporting that Yahoo7 has begun sacking its workers, with a number of employees being made redundant immediately. A spokesperson for the company has confirmed the news, but did not mention on an specific number. One report, made by News.com.au (owner of The Australian), would cut as many as 20 jobs, or 10 percent of its entire workforce.
“These changes resulted in a select number of staff exits which will be effective immediately, with the ultimate goal of positioning Yahoo7 to achieve long-term, sustainable growth,” she said to the media today.
This comes after its parent company, Yahoo, in the US plans to cut 10 percent of its entire global workforce, a total of almost 1,500 jobs being cut of its 14,300 employees worldwide. Yahoo7 is a joint venture between Yahoo and the Seven Network.