advertisement
advertisement
advertisement

Wall Street Journal offers employee buyouts to minimize newsroom layoffs

Another sign of hard times for legacy news organizations: The Wall Street Journal has sent a memo to its entire news department in an attempt to seek buyouts and limit the number of “involuntary layoffs.” The memo, which was leaked to Talking Biz News, went on: “We are seeking a substantial number of employees to elect this benefit.”

This is not the first major job-shuffling at the Journal in recent memory. Last year, the company announced a slew of layoffs in an attempt to reorganize its various departments. This latest buyout development is being dubbed as part of a “broader transformation program.”CGW