Wall Street Journal layoffs [View all]
Source: SF Gate
The Wall Street Journal has cut between 20 and 40 staff members in recent weeks, according to people familiar with the matter, as part of a re-evaluation of its newsroom that came at the end of its financial year.
Dow Jones, the Journal's parent company, declined to answer questions on the layoffs, or confirm the details, but said it had been evaluating the newsroom "to target areas for growth and deploy our resources globally."
As a result, Dow Jones said, "we will be eliminating certain positions." Those laid off include veteran reporters and editors at the newspaper.
The layoffs follow the abrupt departure of Lex Fenwick as CEO of Dow Jones early this year. Fenwick had embarked on an ambitious project to unify all Dow Jones products - including newswires and financial databases - under the name DJX. The high-priced product was unpopular with customers.
Read more: http://www.sfgate.com/business/article/Layoffs-at-Wall-Street-Journal-5596796.php
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