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‘New normal’: Tabcorp makes 200 layoffs as media companies, agencies and corporate marketing divisions reel from year of cuts

200 fresh job cuts at Tabcorp, one-quarter of which are hitting its customer division, are the latest marker of redundancies sweeping media companies, agencies and brands – some overt, others by stealth. The economy may be on the turn but some think slow growth and cost cutting due to sustained business model pressure may be “the new normal”. 

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UPDATED: ‘New normal’: Tabcorp makes 200 layoffs, waves goodbye to chief customer officer as media companies, agencies and corporate marketing divisions reel from year of cuts

Tabcorp has followed up 200 fresh job cuts, one-quarter of which have hit its customer division, with the exit of chief customer officer, Jenni Barnett, along with CIO, Alan Sharvin. In their place comes a new executive structure introducing a chief wagering officer position with marketing and product oversight but even closer ties to wagering revenue, plus a chief commercial and media officer role assumed by former Paramount ANZ and Network Ten regional leader, Jarrod Villani. The redundancies are the latest marker of job cuts sweeping media companies, agencies and brands – some overt, others by stealth. The economy may be on the turn but some think slow growth and cost cutting due to sustained business model pressure may be “the new normal”. 

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