Seven Network staff are bracing for mass job cuts, which are expected to amount to as many as 200 redundancies across the entire company.

Seven Network staff are bracing for mass job cuts, which are expected to amount to as many as 200 redundancies across the entire company.

One of Australia’s biggest media companies has confirmed it will axe hundreds of full-time employees in the name of “cost reduction”.

As many as 300 staff will be axed after advertising revenue declines proved to be worse than expected.

The owner of broadcaster Channel Seven is planning to cut millions of dollars in costs to allow it to focus on content acquisitions.