More lay-offs at Hoyts
Around a dozen people have been made redundant from Hoyts Corp. as the company contemplates an IPO late this year.
Among the casualties is Linda Hickey, who as general manager – digital content for the past three and a half years had run the cinema chain’s alternate content strand.
Interviewed by IF on Monday, CEO Damian Keogh alluded to several changes as the company “flattens” its management structure.
The highest-profile departure is chief operating officer Matthew Liebmann, whose position has been eliminated.
Karli Amber Smith left two weeks ago after more than four years as Hoyts marketing and communications director.
The Australian has reported that the private equity funds that own Hoyts are looking at floating the company on the Australian Stock Exchange, which could raise up to $700 million.