HONG KONG (Bloomberg): The South China Morning Post, the Hong Kong newspaper owned by Alibaba Group Holding Ltd, is cutting 4% of staff in a reorganisation of divisions including product, technology and subscriptions.
The reorganisation will take effect from April 12, SCMP Chief Executive Officer Gary Liu said in a memo to staff seen by Bloomberg News
The editorial side of the business isn’t mentioned in the memo. An SCMP representative didn’t immediately respond to a request for comment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
