Financial Times to cut 60 jobs

The Guardian reports that the Financial Times is planning to cut 60 jobs, the majority falling in the commercial departments.
Some employees from the editorial library could be affected and the story says that staffers worry the cuts could affect editorial quality .

Dan Bogler, the Financial Times managing editor, told journalists that six library staff faced possible redundancy along with two staff from his office.The Financial Times chief executive, John Ridding, announced the redundancies to staff in an email yesterday. "We are continuously looking to streamline our organisation, to make it as efficient as possible and to adapt it to the rapidly changing media industry," Ridding said.