WSJ makes (small) cuts

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.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: