Cuts next week at the WSJ?
Portfolio's Jeff Bercovici reports that staffers at The Wall Street Journal could face another round of cuts next week. The number of employees affected might be about 50, but many may be offered buyouts.
Bercovici said its also rumored that Dow Jones Newswires may also have cuts and that one or more Journal bureaus could be eliminated.
Bercovici writes:
Bercovici said its also rumored that Dow Jones Newswires may also have cuts and that one or more Journal bureaus could be eliminated.
Bercovici writes:
Since Rupert Murdoch took over Dow Jones at the end of 2007, the Journal has been relatively exempt from the wave of downsizing that has swept the newspaper industry. The exception was last summer when the paper eliminated 50 copy editing jobs in South Brunswick, N.J., and handed out a passel of exit packages. (Some of the copy desk jobs were re-created in Manhattan.) Recently, Dow Jones notified employees that their salaries would be frozen for the duration of 2009; many took that as a sign that more drastic measures, such as layoffs, wouldn't be necessary in the short term. Now, says one staffer, "Everyone's under this haze of anxiety."

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