UK-based youth publisher LADbible is restructuring its Australian business at the end of 2023, with 52 Australian staff at risk of redundancy across its Sydney and Melbourne offices.
A source, who declined to be named, told news.com.au that the announcement was made to Australian staff on Sunday, September 12 by UK-based chief financial officer Tim Croston.
He came in and just read off a piece of paper, the source said, adding that they believed the local management team did not know the announcement was coming.
All staff were made redundant but will work until the end of the year and will receive redundancy repayments.
A spokesperson for LADBible confirmed that up to 52 staff are affected, however the spokesperson added that it is exploring…
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