The Guardian to Slash 250 Jobs as Part of Three-Year Cost-Cutting Plan
On Thursday, Guardian Media Group, publisher of the Guardian and the Observer, announced it will lay off 250 employees, as it restructures the less profitable parts of the company. The layoffs are part of the company’s three-year cost-cutting plan announced earlier this year. Of the 250 jobs to be cut, 100 will come from an editorial staff of 725 and 150 from commercial departments like finance and human resources.
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