Dow Jones confirms ‘elimination’ of jobs
The Wall Street Journal has fired between 20 and 40 staff members in recent weeks as part of a “re-evaluation” of its newsroom.
Its parent company, Dow Jones, a division of News Corp, confirmed that it was “eliminating certain positions… to target areas for growth and deploy our resources globally”. But it refused to talk numbers and details.
Citing “people with knowledge of the matter”, news reports said people required to leave were offered two weeks’ pay for every year at the newspaper.
Tim Martell, a union representative, said 19 people were also laid off in the technology department earlier this year.
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