WSJ is offering buyouts
The Wall Street Journal is offering buyouts to employees amid a “serious realignment,” reports Joe Pompeo of Capital New York.
Pompeo writes, “Sources with knowledge of the matter said there is not a specific headcount being sought for the buyouts, which tend to target high-paid, veteran employees.
“It’s therefore unclear how many journalists from the roughly 2,000-person combined newsroom of the Journal and Dow Jones Newswires stand to exit the company. One source, however, described the process as a “serious realignment” meant not to achieve a net headcount reduction, but rather a repositioning of talent around digital roles like data, graphics, video and — of course — mobile, which is fast becoming the Holy Grail for news publishers.
“Ashley Huston, a spokeswoman for the Journal’s parent entity, Dow Jones & Company, declined to comment beyond the following statement: ‘As we continue the digital transformation of the business, including a real focus on mobile innovation, we are investing in core growth areas that are key to a modern newsroom.'”
Read more here.