Subs bear the brunt of 50 job cuts at WSJ

Posted by Dominic Ponsford on 17 July 2008 at 10:33
Tags: 15, Media Business, National Newspapers

Wall Street Journal managing editor Robert Thomson has revealed in a memo to staff that 50 jobs are to go as part off a restructuring under new owner Rupert Murdoch.

The staff cuts mainly seem to be falling in production. Thomson says: “The reformed structure means that it is essential for reporters and bureau chiefs to ensure that copy filed to the news desk is clean, to length and conforms to our style.”

Thomson says in his memo that there are plans for “ambitious expansion” of web and international operations for the Journal and the Newswires side of the business and that 95 journalists are being added “over coming months”.

He says: “There is good reason for optimism at Dow Jones amid the pessimism prevailing in our industry.”

Tags: 15, Media Business, National Newspapers