Kuala Lumpur, June 2:슬롯 머신 사이트 추천Media Chinese International Ltd, a Malaysia-based Chinese-language focused media group, announced it would lay off 44% of its workforce due to ongoing restructuring, cost reductions and the슬롯 머신 사이트 추천adoption of artificial intelligence. The Media Chinese슬롯 머신 사이트 추천International Ltd슬롯 머신 사이트 추천layoffs would affect nearly 800슬롯 머신 사이트 추천employees. In 2024, media companies like Media Matters, Vice Media, Bell, and others laid off their employees due to various reasons.슬롯 머신 사이트 추천

According to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천Edge Malaysia,슬롯 머신 사이트 추천Kenanga said that Media Chinese International Ltd would be슬롯 머신 사이트 추천reducing its workforce슬롯 머신 사이트 추천as much as 44% due to the restructuring.슬롯 머신 사이트 추천Following these layoffs, the슬롯 머신 사이트 추천media group is expected to cut even more jobs - from 1,000 to 1,800. By downsizing the workforce, Media Chinese believes in cutting costs significantly. Not only this, the슬롯 머신 사이트 추천company would encourage the employees to multi-task.슬롯 머신 사이트 추천Tata Steel Layoffs: UK-Based Indian Steel-Making Company To Cut 2,500 Jobs Due to Transition in Operation, Workers슬롯사이트� Unions Not Happy.

The report mentioned that publishing costs would rise in the future, leading to Media Chinese shutting down its printing plants in states like Johor. Penang and Selangor. In 2024,슬롯 머신 사이트 추천Media Chinese witnessed a슬롯 머신 사이트 추천3.7% decline in its shares and a sharp drop in the past few years. The media group슬롯 머신 사이트 추천reported슬롯 머신 사이트 추천limited earnings and losses.슬롯 머신 사이트 추천The global media industry has been suffering from rising costs and a decline in revenue, which has also hit Media Chinese.슬롯 머신 사이트 추천The company슬롯 머신 사이트 추천reported the highest net loss since 1998 at RM 61 million (around $17 million) in FY2024. Besides, media firms have been trying hard to get their digital content monetised.슬롯 머신 사이트 추천Google Cloud Layoffs: Google슬롯사이트™s Cloud Unit Lays Off Unspecified Employees, Teams Focused on Consulting, Partner Engineering and Sustainability Affected Most.

The report슬롯 머신 사이트 추천emphasised that Media Chinese International Ltd, in addition to saving costs, considered integrating artificial intelligence (AI) into its business, hoping that it would help the company monetise the content. This media group had been슬롯 머신 사이트 추천optimistic슬롯 머신 사이트 추천about reaching an agreement with the슬롯 머신 사이트 추천new AI players in the market, like Tencent and Baidu, for its Chinese language-related content, according to슬롯 머신 사이트 추천Kenanga.슬롯 머신 사이트 추천Recently, OpenAI슬롯 머신 사이트 추천and News Corp announced their multi-year agreement. News Corp owns The Wall Street Journal, Fox News and other슬롯 머신 사이트 추천businesses.

(The above story first appeared on LatestLY on Jun 02, 2024 06:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).