Wall Street Journal Offers Buyouts to News Employees Worldwide
As part of a greater restructuring by Dow Jones & Co., the Wall Street Journal is offering voluntary severance packages to a “substantial number” of news employees worldwide, reports CNN Money. The news was announced last week in a staff email from editor-in-chief Gerard Baker. The goal is to limit staff layoffs through the buyouts. Staff have until the end of the month to take advantage of the voluntary severance, though the company has the right to reject volunteers. These aren’t the only changes in the works though.
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