Channel Nine bloodbath with TV bosses wielding the axe on hundreds of jobs
READ MORE: Channel Seven Queensland weather presenter Paul Burt sacked as network lays off 150 staff
Hundreds of jobs will be axed at Nine Entertainment, including roles in the high-profile TV news and current affairs division.
Nine Entertainment chief executive Mike Sneesby announced the job cuts to staff on Friday morning.
'In order for us to be able to keep investing in digital growth opportunities across Nine, we must continue to responsibly manage costs through the cycle.
'From our nationwide team of almost 5000 people, around 200 jobs are expected to be affected across Nine including some vacant and casual roles not being filled,' Mr Sneesby said.
This is a breaking story. More to come.
Today Show host Karl Stefanovic is pictured. Nine has revealed 38 jobs are set to be axed from the news and current affairs team. Daily Mail Australia does not suggest Mr Stefanovic's role will be cut