It seems like it’s all about layoffs this week. In a memo to staff, the Wall Street Journal announced yesterday it will cut 14 positions, to the already 11 eliminated through attrition during its reorganization. The New York-based Fashion and Retail group will be closed.
In the same memo, the WSJ’s managing editor says “there are no plans for lay-offs at Dow Jones Newswires, where our international expansion is continuing, most recently through the launch of a Spanish-language venture and in India, where we are creating a new reporting team to take advantage of that country’s economic development. And we will continue to hire journalists for the Journal for projects of strategic significance.”