**Murdoch’s News Corp. to Cut 1,250 Jobs as Digital Ad Revenue Drops**
**January 25, 2023**
News Corp., the media conglomerate owned by Rupert Murdoch, announced plans on Wednesday to lay off 1,250 employees worldwide as the company grapples with declining digital advertising revenue.
The job cuts represent approximately 5% of News Corp.’s workforce and will affect employees across various divisions, including news, sports, and entertainment. The company said the layoffs are part of a broader cost-cutting initiative aimed at streamlining operations and improving profitability.
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