The Wall Street Journal’s new fiscal year begins in July, and unfortunately for staffers, that means it’s numbers crunching time. Capital New York reports that the paper is hoping a significant amount of staffers will accept buyout offers. If not enough people take the packages, layoffs will be implemented.
While budget concerns are one factor in the staffing cuts, Capital notes that the Journal’s desire to focus more on digital is also playing a role:
One source, however, described the process as a ‘serious realignment’ meant not to achieve a net headcount reduction, but rather a repositioning of talent around digital roles like data, graphics, video and—of course—mobile, which is fast becoming the Holy Grail for news publishers.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in