Dear readers, it is earnings report season once again and SPH was one of the first few companies to announce its results. The result is not only not good and we are reading a number of news from SPH today, I mean not reading the news from SPH’s newspapers but the announcements made by SPH today is news.First, the free newspapers “My Paper” will merge with The New Paper and be given free. The second piece of news is that SPH will cut its staff by 10% and definitely this is not a news to be welcome since not having a job in our high-cost society is definitely not a joke!
I wonder whether readers are getting a sense that the global economy is not getting any good. Before SPH announced its intended job cuts, we have read how banks are planning to cut the numbers of their staff ......