Singapore Press Holdings moves forward job cuts as troubles compound

The mood at Singapore Press Holdings was sombre on Thursday after chief executive Ng Yat Chung revealed to staff that the company is cutting 230 jobs across the organisation at a town hall meeting, a day after announcing its annual results, leaving many shocked.
The beleaguered media conglomerate had announced just the previous day that it was moving forward its retrenchment exercise from 2018, despite seeing a full year net profit that rose 32% to almost $350m from the previous financ