Fox Offering Benefit Packages As It Cuts $250m | Film News
Troubling news from 21st Century Fox today, the company saying that they are to offer benefit packages to any employee who voluntarily resigns. The Rupert Murdoch-controlled film and TV Company is targeting to cut $250m in costs in the fiscal year to 2017, the company having 20,500 employees as of June 2015.
A spokesperson said in an emailed statement:
“Some colleagues from Fox Networks Group and 20th Century Fox will be offered a generous benefit package if they opt to voluntarily leave the company,”
The cuts are primarily aimed at two major divisions of 21st Century Fox.
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