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Fox News Media Trims Staff Amid Business Restructuring – Deadline

Fox News Media said that it was restructuring some of its divisions, with a reduction of its workforce by less than 3%.

As Fox News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success, the network said in a statement Wednesday.

No on-air talent is impacted by the staff reductions.

The changes were made after an assessment of how to streamline various departments including those which have duplicate functions. In 2017, the network formed a media production group to streamline the Fox News and Fox Business graphics and media production department.

A source with knowledge of the matter said t…

Read the full article at: https://deadline.com/2020/09/fox-news-layoffs-restructuring-1234577833/

Category: RestructuringBy Insolvency GuardianSeptember 16, 2020

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Fox News Media Trims Staff Amid Business Restructuring – Deadline

Fox News Media said that it was restructuring some of its divisions, with a reduction of its workforce by less than 3%.

As Fox News Media has evolved into a streamlined multi-platform organization, we are realigning several functions and restructuring various divisions in order to position all of our businesses for ongoing success, the network said in a statement.

No on air talent is impacted by the staff reductions.

The changes were made after an assessment of how to streamline various departments, including those which have duplicate functions. In 2017, the network formed a media production group to streamline the Fox News and Fox Business graphics and media production department.

A source with knowledge of the matter said that the c…

Read the full article at: https://deadline.com/2020/09/fox-news-media-trims-staff-amid-business-restructuring-1234577833/

Category: RestructuringBy Insolvency GuardianSeptember 16, 2020

Post navigation

PreviousPrevious post:I worked with a zombie – BlueNotesNextNext post:945 youths declared bankrupt, January-July – The Malaysian Reserve

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July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
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