Mediacorp cuts 93 jobs as media landscape evolves

Retrenchment exercise affects just over 3 per cent of total staff strength, it says

- Lok Jian Wen Correspondent

Mediacorp will cut 93 jobs amid a rapidly evolving media landscape and prevailing economic and commercial uncertainty.

This accounts for slightly over 3 per cent of its total staff strength, the broadcaster said in a statement on Sept 1.

It did not detail the departments affected by the staffing changes, though it said this was an organisation-wide retrenchment exercise.

Affected staff will have until the end of September to apply for alternative roles within the organisation. Those who are unsuccessful in securing alternative placements will cease to be employed after Sept 30.

Mediacorp noted that the media landscape has undergone rapid and fundamental shifts in the past few years.

Traditional long-form content and platforms have faced growing pressure to compete for audience attention and commercial revenue, with rising demand for short-form, mobile-first and social-driven formats.

This has also been set against an increasingly uncertain economic landscape, with global macroeconomic pressures such as inflation, trade disruptions and market volatility adding complexity, the broadcaster added.