Standard Media Group poised to lay off over 300 employeesThe Standard Media Group has announced a redundancy plan that will impact over 300 employees across different departments. CHECK OUT:In a notice dated July 31, 2024, the Board stated that the redundancy will be effective from August 31. The notice highlighted that all affected employees will be informed in writing. The shift in media consumption trends, driven by technological advancements and changing consumer preferences, has prompted a reassessment of the Group’s business model. Additionally, the Board plans to streamline its products to better align with the evolving media landscape.

Source: Standard Digital July 31, 2024 13:29 UTC