Independent Media has widened the scope of its retrenchments “with immediate effect” as it looks to cut its staff by at least 40%.

This follows its announcement in June (https://www.businesslive.co.za/bd/national/media/2023-06-14-independent-media-announces-voluntary-severance-packages/) of layoffs in its editorial division, with retrenchments now being considered in all of its divisions, according to a statement the company released on Wednesday, as it looks to “realise necessary cost savings to ensure the sustainability of the organisation within the current harsh economic climate”...

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