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3/18/16

To achieve its goal of breaking even within 3 years, Guardian Media Group will cut 250 jobs

With a goal of breaking even within three years, Guardian Media Group says it will cut 250 employees and restructure some parts of its business. Editor-in-chief Katharine Viner and CEO David Pemsel said in an email to staff that they hoped all job cuts would be voluntary. In total, the Guardian’s workforce in the U.K. will be reduced by about 18 percent, or 310 jobs, as about 60 jobs in both commercial and editorial are currently unfilled.

+ Other steps the Guardian is taking to break even: It’s expanding its membership program and will make some content available exclusively to members

The post To achieve its goal of breaking even within 3 years, Guardian Media Group will cut 250 jobs appeared first on American Press Institute.



from American Press Institute http://ift.tt/1R3ZIT2

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