The cuts will affect technology workers across various teams and ranks, and account for about 10 percent of employees in the technology division.
They come as different functions in the technology division are streamlined, resulting in job redundancies, said SPH Media chief operating officer Loh Yuh Yiing and chief technology officer (CTO) Kaythaya Maw in an e-mail sent to staff at 9.25am.
"This was a difficult decision that we have had to make," they added.
In a statement to the media, the company, which publishes The Straits Times and Lianhe Zaobao, said the decision was made after careful consideration.
It added that the company was committed to supporting the affected employees and providing them with comprehensive severance packages that adhere to tripartite guidelines, career coaching, job placement assistance, as well as counselling support to help ease their transition.
SPH Media, which was formed in 2021 as a company limited by guarantee after the former Singapore Press Holdings was restructured and delisted, had accelerated its digital transformation over the past three years.
Given this, an "urgent and aggressive" ramp-up in various areas of technology was necessary to build back after earlier years of underinvestment and to keep pace with the demands of the evolving digital media landscape, said Ms Loh in the e-mail.
"It has not been easy for our colleagues, executing and delivering on all fronts of tech these past three years," she added.
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Denne historien er fra November 05, 2024-utgaven av The Straits Times.
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Couples to get more support with cheaper marriage prep courses
Apart from higher rebates, more online modules will be made available to all
FROM CHARCOAL TO DENTURES
Demand for specialised dental care for seniors in Singapore on the rise as population ages
Former NMPs raise concerns over how members' resignations ahead of GE2025 could impact scheme
The sudden resignations of two Nominated MPs before the end of their terms have raised concerns from some former NMPs over how it could colour perceptions of the non-partisan intent of the scheme.
Singapore unicorns eye growth amid challenges on global front
Companies expanding overseas despite difficulties with funding, regulatory hurdles
29,000 Flats Selected for Latest Round of Upgrading Programme
Home owners to get upgrades to bathrooms and entrances, among other improvements
A nod to familiar landmarks at Hume DTL station
Bukit Timah granite quarries, Rail Corridor, Former Ford Factory inspire some features
How pilots, airports handle bird strikes
Various preventive measures taken, with pilots trained to deal with such incidents
Can Europe still trust US as an ally? Leaders left wondering after Vance's attack in Munich
Should US commitment to military support be eroded, Nato's role would be undermined
Helping kids with asthma lead a healthy lifestyle Asthmatic but active
If the condition is managed well, children with asthma can and should exercise regularly
Is Trump Pulling a Nixon in Reverse, Trying to Coax Russia Out of China's Orbit?
While making overtures to Putin, he has not engaged with Xi.
