News Corp chairman Lachlan Murdoch (Image: AAP/Dean Lewins)
News Corp chairman Lachlan Murdoch (Image: AAP/Dean Lewins)

News Corp has swung the axe on planned major job cuts as part of a company-wide restructure today, with a number of leadership jobs lost across the company. 

Instead of the company’s usual practice of major announcements in all-staff meetings known as “town halls”, various newsrooms around the business received simultaneous and separate briefings on Wednesday morning, all around 11am Eastern time. 

These meetings confirmed that the company’s metropolitan mastheads would move to a seven-day roster, as reported recently in the Nine newspapers. 

The restructure will see News Corp divided into three divisions — “fast and free”, which includes news.com.au