From Robert Thomson’s email to staff on 14 redundancies at the WSJ (full email and report here at E&P):
Over the past couple of months, teams have been reorganized at The Wall Street Journal and we have lost 11 journalists through attrition. Unfortunately, it has been necessary today to restructure several other teams at the cost of an additional 14 positions.
There is no doubt that Dow Jones is in a far stronger position than our competitors and that the global influence of the Journal and Newswires is growing significantly, so there are genuine reasons for optimism. But we also must be realistic about the current trading environment and continue to reduce costs while maintaining the world’s highest standard of journalistic quality and integrity.”