Lonely Planet announced to Melbourne staff Thursday that it will shift the bulk of its web operations to the company’s UK offices and slash costs by 18 percent, cutting 70 jobs in the process. The company said the move was due to a strengthening Australian dollar and declining sales. “Despite the fact that we’ve delivered on everything we set out to achieve this past year, the devastating impact of foreign currency exchange shaved over $13 million off our 2010/11 revenues. And at the moment, we have more than 80 per cent of our revenues coming from outside of Australia & New […]
