Iflix To Lay Off Employees As Covid 19 Forces Cost Cutting Measures
Separate sources indicate that, in total, iflix is laying off between 50 and 65 employees, though the exact number was not disclosed. In a statement, CEO Marc Barnett said that this would “enable the company to endure this indefinite and uncertain period”. The layoffs will reduce costs for iflix ahead of a public listing, of which the deadline is in July. The company’s planned initial public offering (IPO) on the Australian Securities Exchange will be delayed....