With 90 Laid Off, AP Finally Hits Payroll Cut Goal
We’ve been following the brutal layoffs at the Associated Press all week, and the news organization has remained mum throughout. Until now.
Last year, CEO Tom Curley told staff that the company needed to cut 10 percent of its payroll costs, and voluntary buyouts, a hiring freeze and layoffs this year have moved the company toward this goal. Today, the AP said in a statement that the 90 people let go across the organization this week have brought them to that point.
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