The Daily Cuts a Third of Its Staff

50 staffers will be laid off, Sports and Opinion sections reduced

The Daily is calling it a staff reorganization, but it really looks more like the beginning of the end. This afternoon, as first reported by AllThingsD, The Daily will be cutting 50 employees from its newsroom, totaling 29 percent of the staff.

In a memo, editor in chief Jesse Angelo tried to soften the blow, describing the layoffs as part of The Daily's quest to continually innovate. "After a period of listening to your feedback and looking at our metrics, we have begun instituting a series of changes to The Daily," Angelo wrote.

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