Australia’s biggest TV tycoon Foxtel has now sacked around 200 staff and keeps 140 others on leave till June amidst the deadly coronavirus. The firm which is almost owned by Rupert Murdoch’s News Corp has sent shock waves across the country after this decision.
The firm which has been short of new content during this crucial situation has made all their events of sports to be called off or postponed. This has affected “12% of Foxtel’s 2800 workers along with the dismissal of employees at 7%.”
As per sources the company’s CEO Patrick Delany stated that: “The actions we have had to take this week making it one of the toughest in Foxtel’s history.”
Further, Patrick spoke saying: “Australia has experienced tough times before,” and “We know that in tough times Foxtel becomes a great source of comfort to people at home who want to be informed and entertained. Right now, with Australians isolating themselves at home, our customers need us more than ever. He added: “The government COVID-19 restrictions are, however, seeing major challenges for us, including the broadcast and streaming of live sport. And looking ahead, the economic outlook for Australia is deteriorating and our continued transformation will become even more important.”
Besides, News Corp maintains a 65% share with the firm and the remaining owned by Telstra. Foxtel operates movies and sports.
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