KUALA LUMPUR: Malaysiakini, one of Malaysia's leading online news platforms, has announced a restructuring plan to ensure its long-term stability.
The initiative will affect some of its employees.
In a joint statement, Malaysiakini executive editor R.K. Anand and head of operations Tham Seen Hau stated that despite the layoffs, the portal would remain in business.
They said Malaysiakini became the latest news outlet that had to take such a measure as various news agencies worldwide also faced a hard time recently, which saw some close down their operations.
"This is a difficult time for everyone at Malaysiakini, especially those who are directly affected.
"We are committed to supporting them as much as we can. Malaysiakini is no stranger to adversity and we have survived many a storm thanks to the unwavering support of our subscribers," Anand said.
Meanwhile, Tham said the restructuring was vital to ensure the company remained resilient.
They said the decision was made after the company had exhausted all possible means of reducing losses.
However, the number of employees involved in the layoffs was not revealed.
According to the statement, those affected by the restructuring were recommended to apply for openings at its sister company, FG Media.
Moving forward, the statement said Malaysiakini would be more selective with the stories it produces but would continue to focus on its core areas, such as exclusive stories and in-depth analyses.