Financial Times to cut 60 jobs

Stephen Brook of the Guardian newspaper in London reports that the Financial Times business newspaper plans to cut 60 positions.

Brook writes, “No journalists will be made redundant, but FT insiders fear the loss of librarians will affect editorial quality.

“Dan Bogler, the FT 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.”

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