News Corp To Lay Off 69 Employees In New York City Due To Economic Reasons, According To WARN Notice
Portfolio Pulse from Benzinga Newsdesk
News Corp is laying off 69 employees in New York City due to economic reasons, as per a WARN notice. This move reflects the company's response to current economic challenges.
September 16, 2024 | 5:02 pm
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News Corp is laying off 69 employees in NYC due to economic reasons, indicating cost-cutting measures in response to economic challenges.
The layoffs suggest News Corp is taking steps to manage costs amid economic challenges, which could be seen as a negative indicator for short-term stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100