April 25, 05:34 PM 
514 Chai Chee Lane 03-16, Singapore 469029 A lot of staff are reportedly leaving MediaCorp, Singapore's leading publisher-cum-broadcaster.
Two senior management employees and three other senior managers have resigned in the last month.
The three senior managers were reportedly called into the human resource office on April 22, 2014, and were told they need not serve their notice periods and can leave immediately.
These departures come after a number of other even higher-profile departures the past year.
In February this year, Nick Fawbert quit as head of digital enterprise six months after he joined the company.
Tony Lai, a former Deputy CEO of the Singapore Tourism Board, joined MediaCorp in May 2013 and left two months into his job as managing director of experiences and outreach.
One reason MediaCorp's turnover rate is inching upwards could be due to the unrealistic corporate mission and a struggle to stay abreast of changes to the industry.
MediaCorp, currently valued to be worth S$650 million, is aiming to become a billion-dollar company by 2015.
However, it is planning on doing so by not relying on acquisitions or straying from its core media business.
In other words, it is trying to grow its ad revenue by 30 percent by doing the same thing.
Other reasons have also surfaced: MediaCorp has been run too much like a government department and recent forays into digital ventures have not turned out well with the closure of e-book store, ilovebooks, less than a year after it launched.
Top photo from here
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