Drop in Rev., Cut Fees Cited for AP Staff Reduction
The Associated Press will trim 10 percent of its work force over the next year as a cut in fees paid by member newspapers and a declining economy take their toll, Chief Executive Tom Curley said Thursday.
The staff reduction will amount to a loss of more than 400 positions from a global staff of 4,100, and Curley said the cuts will include some of the news cooperative’s 3,000 journalists.
Curley told the staff in a meeting webcast to AP offices globally that he hopes most of the cut will be achieved through attrition, but he did not rule out layoffs.
Asked if the cuts would include newsroom jobs, Curley noted that 75 percent of the staff are journalists.
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