K*Grind throws TV out of hotel window

The mass sacking arrived just one week after K*Grind founding CEO Jon Peters resigned from his position and left the company. Former chief operating officer David Keane will assume the role of CEO, the company said in a statement issued this afternoon.

Keane confirmed that 39 staff involved in content creation, marketing and online radio were made redundant on Friday last week.

The sacking also comes three weeks after the company was saved from expected bankruptcy by Asian investors MetroLand and UPL, who took a 51 per cent controlling stake in the company. The company had burnt through an intial $10 million investment from Macquarie Technology Funds Management, AMWIN and computer manufacturer Acer, amongst others - in under 10 months.

One retrenched employee said K*Grind employees were warned around two weeks ago that they would soon be made redundant.

"We were told (two weeks ago) the website won't continue," the former employee said.

Keane said the dismantling of the company's content management division was representative of the company's new profit-centric direction under the helm of Metroland and UPL. In fact, newly appointed sales and marketing director Gary Lewis predicted the company would be operating profitably by the end of this financial year.

Lewis said the company would no longer target the youth content market spefically.

"The only people making any money out of the Net are the people in the middle," Lewis said.

Keane said the retrenchments would be counterbalanced by likely expansions within the company's technology services divisions.

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Byron Kaye

PC World
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?