We were surprised to learn buyouts may have been “offered” to Wall Street Journal staff. When IAPE TNG/CWA Local 1096, the largest Union representing employees at Dow Jones & Company, approached management earlier this year and asked about buyouts, we were given the standard response: There is no organized effort to offer buyouts to staff members, but management is always willing to listen if an employee is interested in leaving and wonders if a separation package might be available.
That these discussions happen every year is absolutely accurate – end of fiscal and calendar years are always circled on our calendar. We have come to expect small reorganizations in all IAPE-represented departments at Dow Jones. In fact, as our layoff list (http://iape1096.org/info/layoffStatus.php) shows, 46 IAPE-represented employees have been affected by workforce reductions so far this year.
(Many of the Customer Service moves are the result of a transfer of positions from New York to South Brunswick, NJ – employees were given an opportunity to move with those jobs, or receive a layoff package. Net headcount may actually increase once the dust settles.)
Regardless, we question anybody who claims the current WSJ environment is “The worst it’s ever been.” These aren’t the days of Kann & Zannino when hundreds of IAPE-represented and Dow Jones management positions were eliminated year after year.
Wall Street Journal editor in chief Emma Tucker sent out the following on Thursday: Today we announced…
Clare Malone of The New York writes about Hunterbrook, which is using reporting from journalists to…
The Hollywood Reporter awards editor Tyler Coates is leaving the news organization. His last day will be…
Laura Purkess has been promoted to consumer features editor at The Sun. She will maintain…
Pat Ferrier, senior business reporter at the Coloradoan in Fort Collins, is retiring after 23…
Financial news site TheStreet.com has hired Conway Gittens as an anchor and video producer. His most recent…
View Comments