Nine Entertainment is axing up to 200 jobs, with the embattled media group blaming an advertising rout and the end of a lucrative deal with Meta, the Facebook parent company. Chief executive Mike Sneesby announced the job cuts in a staff email on Friday morning, saying “we must continue to responsibly manage costs through the cycle”. He said it was reviewing key parts of the business to identify ways to continue to cut costs.
It’s been reported that Nine publishing boss Tory Maguire told staff that 70 to 90 staff would be lost from the publishing division. The media group is currently battling ongoing allegations of sexual harassment and bullying by past and present staff, which has prompted an internal investigation. In particular, it has acknowledged “serious” claims of “alleged inappropriate behaviour” at the network by former news director Darren Wick.