Online Media HK01 Lays Off 40 Staff In Restructuring
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2021-02-03 HKT 14:49
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Online media HK01 on Wednesday sacked more than 40 workers, representing five percent of its overall workers.
It did not give further details, saying only that both operational and back-office staff were affected.
In an internal memo, the firm said the layoffs were part of a "strategic restructuring" which would enhance its operation efficiency and competitiveness, and divert additional resources to its coverage on finance, health and education issues.
It said the sacked workers were given reasonable severance packages in accordance with labour laws.
The move comes two months after i-Cable laid off about 100 workers – including 40 newsroom staff – prompting dozens of journalists at the broadcaster to resign en masse in protest.
Metro Radio also dismissed 17 people in December last year.
A number of local media firms, such as Commercial Radio, the South China Morning Post and Sing Tao News Corporation, have previously forced staff to take unpaid leave, citing the economic downturn under the Covid-19 pandemic.
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