News

MediaCorp lays off 33 employees in restructure, CEO urges staff to stay ‘agile’

MediaCorpSingapore media owner MediaCorp has made a number of redundancies as part of a reconfiguration of the company to adapt to the digital era.

A total of 33 people are to be retrenched and 50 moved to other parts of the business.

MediaCorp’s explanation of the restructure, communicated through a internal email from CEO Shaun Seow obtained by MediaCorp-owned Channel NewsAsia, is that the company is moving from a platform-based structure to become more customer-centric.

In the memo, Seow said “the retrenchments were not a decision that was taken lightly” and that his staff needed to stay “agile”.

A statement from MediaCorp, shared with Mumbrella this morning, reads:

In response to a radically evolved media environment, MediaCorp has restructured its organisation to become more customer-centric, redesigned processes to become more efficient and invested in technology to remain relevant.

To ensure optimal resource allocation, the company has reviewed every unit. Consequently, it has redeployed over 50 employees to growth areas and removed some existing vacancies. Some 13 employees have been offered employment as part of outsourcing agreements with two of its business partners. And 33 employees will be laid off and offered severance payments and outplacement support.

The retrenchments were not a decision that was taken lightly. MediaCorp remains fully committed to enabling its employees to build fulfilling careers. We believe that our recent actions will yield a leaner, more collaborative organisation that is better equipped to innovate and stay relevant.

The news comes the day after it emerged that MediaCorp’s head of media sales and marketing Callie Ng was moving on from the business to join StarHub after 17 years.

MediaCorp’s restructure was announced at the start of the year, when Seow had said: “Rather than organising ourselves by traditional platforms – television, radio, press and publishing, we are realigning our management and staff to serve specific customer segments. These segments will focus on knowing our different customer groups intimately and offering them 360 content that goes beyond any single media form.”

He called the restructure “an unprecedented alignment of resources”, which was built on the belief that “connecting audiences with content that matters to them lies at the heart of what MediaCorp does”.

In an interview with Mumbrella a year ago, a former executive said that Seow was “steering a rusting ship through a tropical storm” in reference to MediaCorp’s struggle to adapt to the digital era.

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