Episode Details

Southern Cross Media is slashing costs and jobs amid a brutal profit downgrade, cutting 250-300 roles mostly from TV ops as market conditions tank worse than predicted. CEO Rohan Lund, back just months ago, says restructuring is vital to survive — including writing down $65-70M in underperforming TV content and contracts. A $150M annual savings plan is underway, targeting mid- and back-office roles, all while trying to shield clients and remaining staff from disruption.

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