Rupert Murdochs News Corp Australia has swung an axe in its commercial division after tapping consultancy McKinsey & Company to assist with another restructure.
News Corp sources familiar with the restructuring plans, who spoke on the condition of anonymity, estimated between 30 to 50 commercial roles were cut in recent weeks as the changes were implemented. McKinsey was working for the publisher of The Australian, Daily Telegraph and Herald Sun in the months leading up to the end of the financial year.
News Corps Australasia chairman Michael Miller has led a major restructure of the company in the last 18 months.Credit:Jessica Hromas
A News Corp Australia spokesperson confirmed the restructuring. We are reshaping our commercial bu…
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