NewsBite

‘New era’ ASX starts with redundancies as CEO swings axe

Paul Smith
Paul SmithTechnology editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Technology and operational staff at the ASX will be the worst affected by a snap redundancy round before the company’s half-yearly earnings due on Friday, as the market operator looks to reorganise after its CHESS disaster.

ASX staff were told by chief executive Helen Lofthouse last week that a review of the company’s operations had proposed structural changes and savings initiatives that would result in changes to procurement, contractor and consultant use, and an unspecified number of redundancies.

Loading...
Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Technology

Fetching latest articles

Most Viewed In Technology

    Original URL: https://www.afr.com/technology/new-era-asx-starts-with-redundancies-as-ceo-swings-axe-20240211-p5f3yb